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

Azul (NYSE:AZUL)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $7.80, but opened at $7.53. Azul shares last traded at $7.5490, with a volume of 1,004 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AZUL shares. BWS Financial reissued a “buy” rating and issued a $20.00 price target on shares of Azul in a research report on Monday, August 17th. Zacks Research upgraded shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings began coverage on Azul in a report on Friday, July 10th. They set a “sell (d)” rating on the stock. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $20.00.

Azul Trading Up 1.6%

Azul Company Profile

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.