Azul (NYSE:AZUL) Shares Gap Up – Here’s Why

Azul (NYSE:AZUL – Get Free Report) shares gapped up prior to trading on Tuesday. The stock had previously closed at $4.36, but opened at $4.80. Azul shares last traded at $4.8340, with a volume of 5,619 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Azul from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. The Goldman Sachs Group began coverage on Azul in a research note on Monday, October 19th. They issued a “neutral” rating and a $8.10 price target for the company. Weiss Ratings downgraded Azul from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Zacks Research raised Azul from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.03.

Get Our Latest Analysis on Azul

Azul Stock Performance

The business’s 50 day moving average is $6.28.

About Azul

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