Azul (NYSE:AZUL) Shares Down 6% – Should You Sell?

Azul (NYSE:AZUL)’s share price dropped 6% during mid-day trading on Wednesday. The stock traded as low as $5.07 and last traded at $5.00. Approximately 5,088 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 222,424 shares. The stock had previously closed at $5.32.

Analyst Upgrades and Downgrades

AZUL has been the topic of several research reports. Weiss Ratings cut Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, October 27th. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. The Goldman Sachs Group initiated coverage on Azul in a report on Monday, October 19th. They issued a “neutral” rating and a $8.10 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Zacks Research raised Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.03.

Azul Price Performance

The stock’s 50-day simple moving average is $6.24.

Azul Company Profile

Azul S.A. is a Brazilian airline that provides passenger air transportation on domestic and international routes. Its network connects cities across Brazil, including regional destinations, with services to select locations abroad. Founded in 2008, Azul has developed a broad domestic network and offers travel-related services alongside its flights. Its businesses include Azul Cargo Express, which provides air cargo and logistics services, and Azul Viagens, which sells travel packages.