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

Azul (NYSE:AZUL) gapped up before the market opened on Tuesday. The stock had previously closed at $4.05, but opened at $4.25. Azul shares last traded at $4.02, with a volume of 183,790 shares.

Analyst Ratings Changes

AZUL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Azul in a research note on Monday, October 19th. They set a “neutral” rating and a $8.10 price target on the stock. Zacks Research raised Azul from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Weiss Ratings lowered Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Finally, Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.03.

Azul Trading Up 9.0%

The stock has a fifty day simple moving average of $6.80.

Azul Company Profile

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.