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

Azul (NYSE:AZUL)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $7.90, but opened at $7.60. Azul shares last traded at $7.2660, with a volume of 4,614 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on AZUL shares. Weiss Ratings assumed coverage on Azul in a research report on Friday, July 10th. They set a “sell (d)” rating on the stock. Zacks Research upgraded Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Wall Street Zen lowered shares of Azul from a “hold” rating to a “sell” rating in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Azul in a research report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price for the company. Finally, BWS Financial reissued a “buy” rating and set a $20.00 target price on shares of Azul in a research note on Monday, September 21st. Two 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, the stock presently has an average rating of “Hold” and an average price target of $15.50.

Azul Price Performance

The company has a 50 day moving average price of $7.61.

Azul Company Profile

Azul SA is a Brazilian airline that provides scheduled passenger air transportation and related services. Founded in 2008 by entrepreneur David Neeleman, the company was established to expand air connectivity in Brazil, including service to cities that have historically had limited access to commercial aviation.

Azul operates domestic flights throughout Brazil and serves selected international destinations in North and South America and Europe. Its operations include passenger travel, air cargo through Azul Cargo Express, and vacation and travel packages offered through Azul Viagens.