Azul (NYSE:AZUL) Shares Down 6% – Should You Sell?

Shares of Azul (NYSE:AZUL) fell 6% during mid-day trading on Wednesday. The company traded as low as $5.07 and last traded at $5.00. 5,088 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 222,424 shares. The stock had previously closed at $5.32.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AZUL. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Weiss Ratings cut Azul from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, October 27th. The Goldman Sachs Group initiated coverage on Azul in a research note on Monday, October 19th. They issued a “neutral” rating and a $8.10 target price on the stock. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Azul in a research note on Wednesday, September 9th. They set a “buy” rating and a $11.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.03.

Azul Price Performance

The stock’s 50-day simple moving average is $6.24.

About Azul

Azul S.A. is a Brazilian airline that provides passenger air transportation on domestic and international routes. Its network connects cities across Brazil, including regional destinations, with services to select locations abroad. Founded in 2008, Azul has developed a broad domestic network and offers travel-related services alongside its flights. Its businesses include Azul Cargo Express, which provides air cargo and logistics services, and Azul Viagens, which sells travel packages.