Azul (NYSE:AZUL) Shares Gap Down – Time to Sell?

Shares of Azul (NYSE:AZUL) gapped down before the market opened on Monday . The stock had previously closed at $8.47, but opened at $8.14. Azul shares last traded at $8.0750, with a volume of 143 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AZUL shares. Weiss Ratings began coverage on shares of Azul in a research note on Friday, July 10th. They set a “sell (d)” rating on the stock. BWS Financial reiterated a “buy” rating and issued a $20.00 price target on shares of Azul in a report on Friday, July 10th. Finally, Zacks Research raised shares of Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $20.00.

Azul Price Performance

About Azul

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.