Azul (NYSE:AZUL) Shares Gap Up – Time to Buy?

Shares of Azul (NYSE:AZUL) gapped up prior to trading on Thursday . The stock had previously closed at $6.25, but opened at $6.38. Azul shares last traded at $6.31, with a volume of 5,082 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BWS Financial restated a “buy” rating and set a $20.00 price objective on shares of Azul in a research report on Monday. Weiss Ratings assumed coverage on shares of Azul in a research report on Friday, July 10th. They issued a “sell (d)” rating for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Azul in a research note on Wednesday, September 9th. They set a “buy” rating and a $11.00 target price for the company. Zacks Research raised Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded Azul from a “hold” rating to a “sell” rating in a research note 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

Azul Stock Performance

The business’s 50-day moving average is $7.78.

About Azul

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.