Azul (NYSE:AZUL) Sees Strong Trading Volume – Here’s Why

Shares of Azul (NYSE:AZUL) saw unusually-strong trading volume on Thursday . Approximately 546,546 shares were traded during trading, an increase of 286% from the previous session’s volume of 141,592 shares.The stock last traded at $6.62 and had previously closed at $6.57.

Analysts Set New Price Targets

Several research firms have issued reports on AZUL. Deutsche Bank Aktiengesellschaft began coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target on the stock. Zacks Research upgraded Azul to a “strong sell” rating in a 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. BWS Financial reaffirmed a “buy” rating and set a $20.00 target price on shares of Azul in a report on Monday, August 17th. Finally, Wall Street Zen lowered Azul from a “hold” rating to a “sell” rating in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.50.

Azul Stock Performance

The company has a 50-day moving average of $7.99.

Azul Company Profile

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.