Azul (NYSE:AZUL) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Azul (NYSE:AZUL) in a research note issued to investors on Monday, Marketbeat reports. The brokerage issued a hold rating and a $8.10 target price on the stock.

AZUL has been the topic of a number of other reports. Zacks Research upgraded shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Azul in a research note on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price objective for the company. Wall Street Zen cut shares of Azul from a “hold” rating to a “sell” rating in a report on Tuesday, September 8th. Weiss Ratings restated a “sell (d)” rating on shares of Azul in a report on Tuesday, October 6th. Finally, BWS Financial reaffirmed a “buy” rating and set a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.03.

Azul Price Performance

Shares of Azul stock opened at $6.48 on Monday. The firm’s 50-day moving average price is $7.21. Azul has a 12 month low of $3.90 and a 12 month high of $495.00.

About Azul

Azul SA is a Brazilian airline that provides scheduled passenger air transportation on domestic and international routes. The company serves cities throughout Brazil and connects the country with destinations in South America, the United States, Europe and other international markets.

Azul operates a diversified fleet designed for both regional and mainline service. In addition to passenger flights, its businesses include air cargo transportation through Azul Cargo Express, travel packages and related services through Azul Viagens, and a customer loyalty program known as Azul Fidelidade.

Founded in 2008 by aviation entrepreneur David Neeleman, Azul has focused on expanding air connectivity in Brazil, including service to locations with limited access to other forms of commercial air transportation.