Azul (NYSE:AZUL) Stock Price Down 6% – Time to Sell?

Azul (NYSE:AZUL)’s stock price traded down 6% during trading on Wednesday. The stock traded as low as $5.07 and last traded at $5.00. Approximately 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 research firms have weighed in on AZUL. The Goldman Sachs Group began coverage on Azul in a research note on Monday, October 19th. They set a “neutral” rating and a $8.10 price objective for the company. Weiss Ratings lowered Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, October 27th. Zacks Research upgraded Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. BWS Financial reiterated a “buy” rating and set a $20.00 price target on shares of Azul in a research report on Monday, September 21st. Finally, Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.03.

Azul Stock Performance

The firm has a 50-day moving average price of $6.14.

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.