Azul (NYSE:AZUL) Shares Gap Up – What’s Next?

Shares of 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 traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BWS Financial restated a “buy” rating and issued a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Azul in a research note on Tuesday, October 6th. The Goldman Sachs Group began coverage on Azul in a report on Monday, October 19th. They issued a “neutral” rating and a $8.10 price objective for the company. Finally, Zacks Research raised Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.03.

Azul Stock Down 2.3%

The firm has a 50 day simple moving average of $7.05.

About Azul

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.