BWS Financial Reaffirms Buy Rating for Azul (NYSE:AZUL)

Azul (NYSE:AZUL)‘s stock had its “buy” rating restated by investment analysts at BWS Financial in a report issued on Monday, September 21st, Benzinga reports. They currently have a $20.00 price target on the stock. BWS Financial’s price target suggests a potential upside of 199.85% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Weiss Ratings assumed coverage on shares of Azul in a report on Friday, July 10th. They issued a “sell (d)” rating for the company. Zacks Research raised shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Azul from a “hold” rating to a “sell” rating in a report on Tuesday, September 8th. Two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.50.

Azul Stock Up 2.8%

NYSE AZUL traded up $0.18 during trading on Monday, reaching $6.67. The company’s stock had a trading volume of 324,222 shares, compared to its average volume of 203,083. Azul has a 12 month low of $3.90 and a 12 month high of $495.00. The company has a 50 day moving average of $7.65.

About Azul

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.