Azul (NYSE:AZUL) Stock Falls 23.5% – Time to Sell?

Azul (NYSE:AZUL) was down 23.5% during mid-day trading on Monday. The stock traded as low as $4.85 and last traded at $4.5980. Approximately 43,438 shares were traded during trading, a decline of 73% from the average daily volume of 161,239 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AZUL. The Goldman Sachs Group assumed coverage on Azul in a research note on Monday, October 19th. They issued a “neutral” rating and a $8.10 price objective on the stock. Zacks Research raised Azul from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. BWS Financial reaffirmed a “buy” rating and issued a $20.00 target price on shares of Azul in a report on Monday, September 21st. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 price target 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.03.

Azul Trading Down 21.8%

The stock’s fifty day simple moving average is $7.03.

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.