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

Azul (NYSE:AZUL) gapped down before the market opened on Thursday . The stock had previously closed at $7.80, but opened at $7.53. Azul shares last traded at $7.5490, with a volume of 1,004 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on AZUL shares. Weiss Ratings started coverage on Azul in a research note on Friday, July 10th. They set a “sell (d)” rating for the company. BWS Financial reissued a “buy” rating and issued a $20.00 target price on shares of Azul in a report on Monday, August 17th. Finally, Zacks Research upgraded Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Azul currently has a consensus rating of “Reduce” and an average target price of $20.00.

Azul Stock 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.