Azul (NYSE:AZUL) Shares Gap Up – What’s Next?

Azul (NYSE:AZUL)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $4.05, but opened at $4.25. Azul shares last traded at $4.02, with a volume of 183,790 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AZUL shares. BWS Financial restated a “buy” rating and set a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Azul in a research report on Tuesday, October 6th. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Finally, The Goldman Sachs Group assumed coverage on shares of Azul in a research note on Monday, October 19th. They issued a “neutral” rating and a $8.10 price objective for the company. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $13.03.

Azul Price Performance

The company has a 50 day moving average price of $7.05.

About Azul

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.