Azul (NYSE:AZUL) Stock Has Average Target Price of $15.50

Azul (NYSE:AZUL) has earned an average rating of “Hold” from the four brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $15.50.

AZUL has been the subject of several analyst reports. BWS Financial reissued a “buy” rating and set a $20.00 price target on shares of Azul in a report on Monday, September 21st. Wall Street Zen lowered Azul from a “hold” rating to a “sell” rating in a report on Tuesday, September 8th. The Goldman Sachs Group initiated coverage on Azul in a research report on Monday. They set a “neutral” rating and a $8.10 target price on the stock. Zacks Research upgraded Azul to a “strong sell” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Azul in a research note on Tuesday, October 6th.

Azul Stock Performance

Shares of AZUL stock traded down $0.17 during mid-day trading on Friday, hitting $6.53. The stock had a trading volume of 22,700 shares, compared to its average volume of 254,406. Azul has a fifty-two week low of $3.90 and a fifty-two week high of $495.00. The company has a 50-day simple moving average of $7.25.

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.