Azul (NYSE:AZUL) Stock Jumps 6.4% – What’s Next?

Azul (NYSE:AZUL)’s share price shot up 6.4% on Wednesday. The company traded as high as $7.35 and last traded at $7.3450. Approximately 99,089 shares traded hands during trading, a decline of 41% from the average session volume of 167,077 shares. The stock had previously closed at $6.90.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AZUL. Zacks Research raised Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. Weiss Ratings initiated coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating on the stock. Wall Street Zen downgraded shares of Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, September 8th. BWS Financial reiterated a “buy” rating and set a $20.00 price objective on shares of Azul in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft began 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.50.

Azul Price Performance

The business’s fifty day simple moving average is $7.62.

About Azul

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.