Azul (NYSE:AZUL) Shares Down 5.5% – What’s Next?

Azul (NYSE:AZUL)’s stock price was down 5.5% during mid-day trading on Tuesday . The company traded as low as $7.22 and last traded at $7.18. Approximately 5,732 shares were traded during mid-day trading, a decline of 96% from the average session volume of 153,658 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AZUL shares. BWS Financial restated a “buy” rating and set a $20.00 target price 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 initiated coverage on shares of Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating for the company. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Azul has a consensus rating of “Reduce” and a consensus price target of $20.00.

Azul Price Performance

About Azul

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.