Azul (NYSE:AZUL) Shares Up 5%
Shares of Azul S.A. (NYSE:AZUL) shot up 5% on Tuesday . The company traded as high as $24.08 and last traded at $23.93. 1,491,692 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 1,321,100 shares. The stock had previously closed at $22.79.
A number of brokerages have weighed in on AZUL. Seaport Global Securities lowered Azul from a “buy” rating to a “neutral” rating in a report on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft lowered Azul from a “buy” rating to a “hold” rating in a report on Thursday, January 28th. Santander lowered Azul from a “buy” rating to a “hold” rating in a report on Monday, December 21st. Finally, Raymond James lowered Azul from an “outperform” rating to a “market perform” rating in a report on Thursday, December 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.38.
The stock has a market capitalization of $10.04 billion, a PE ratio of -1.58 and a beta of 1.62. The firm’s fifty day moving average is $22.32 and its 200-day moving average is $17.87.
About Azul (NYSE:AZUL)
Azul SA, together with its subsidiaries, provides passenger and cargo air transportation services in Brazil. As of December 31, 2019, it operated 916 daily flights to 116 destinations through a network of 249 non-stop routes with a fleet of 140 aircraft. The company is also involved in the aircraft financing, package holidays, loyalty programs, and investment fund activities.
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