Azul (NYSE:AZUL) Stock Price Up 6.4% – Time to Buy?

Azul (NYSE:AZUL)’s stock price was up 6.4% on Wednesday. The stock traded as high as $7.35 and last traded at $7.3450. Approximately 99,089 shares changed hands during trading, a decline of 41% from the average daily volume of 167,077 shares. The stock had previously closed at $6.90.

Analyst Ratings Changes

Several analysts recently issued reports on AZUL shares. Wall Street Zen downgraded Azul from a “hold” rating to a “sell” rating in a report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Azul in a research report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price for the company. BWS Financial reiterated a “buy” rating and issued a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Zacks Research upgraded Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings assumed coverage on Azul in a report on Friday, July 10th. They issued a “sell (d)” rating for the company. Two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Azul Price Performance

The firm’s 50 day moving average price is $7.62.

Azul Company Profile

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.