Azul (NYSE:AZUL) Shares Gap Up – Here’s What Happened

Azul (NYSE:AZUL)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $6.25, but opened at $6.38. Azul shares last traded at $6.31, with a volume of 5,082 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on AZUL shares. BWS Financial restated a “buy” rating and set a $20.00 target price on shares of Azul in a research note on Monday. Zacks Research raised shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Wall Street Zen downgraded shares of Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. Weiss Ratings initiated coverage on shares of Azul in a research note on Friday, July 10th. They set a “sell (d)” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.50.

Azul Price Performance

The business has a 50 day moving average of $7.78.

Azul Company Profile

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.