Azul (NYSE:AZUL) Stock Falls 12% – What’s Next?

Azul (NYSE:AZUL) dropped 12% on Friday. The company traded as low as $7.01 and last traded at $6.9510. Approximately 585 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 170,366 shares. The stock had previously closed at $7.90.

Analysts Set New Price Targets

Several analysts have commented on AZUL shares. Wall Street Zen lowered 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 report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price objective on the stock. Zacks Research raised Azul to a “strong sell” rating in a report on Wednesday, July 22nd. BWS Financial reissued a “buy” rating and set a $20.00 target price on shares of Azul in a report on Monday, September 21st. Finally, Weiss Ratings assumed coverage on Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating on the stock. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Azul has an average rating of “Hold” and a consensus target price of $15.50.

Azul Trading Down 2.7%

The firm’s 50-day moving average price is $7.58.

Azul Company Profile

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.