The Goldman Sachs Group Begins Coverage on Azul (NYSE:AZUL)

Research analysts at The Goldman Sachs Group began coverage on shares of Azul (NYSE:AZUL) in a research report issued to clients and investors on Monday, MarketBeat reports. The firm set a “neutral” rating and a $8.10 price target on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 25.02% from the company’s previous close.

Several other research firms have also issued reports on AZUL. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Azul in a research 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 research report on Wednesday, July 22nd. Wall Street Zen lowered Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, September 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Azul in a research note on Tuesday, October 6th. Finally, BWS Financial restated a “buy” rating and issued a $20.00 target price on shares of Azul in a report on Monday, September 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Azul has a consensus rating of “Hold” and a consensus price target of $13.03.

Azul Stock Performance

Shares of AZUL opened at $6.48 on Monday. The stock has a 50 day simple moving average of $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.