Azul (NYSE:AZUL) Stock Price Up 8.5% – Should You Buy?

Azul (NYSE:AZUL)’s stock price rose 8.5% during mid-day trading on Wednesday. The stock traded as high as $3.70 and last traded at $3.7550. Approximately 72,171 shares were traded during mid-day trading, a decline of 59% from the average session volume of 177,937 shares. The stock had previously closed at $3.46.

Analyst Ratings Changes

A number of research analysts recently issued reports on AZUL shares. BWS Financial reaffirmed a “buy” rating and set a $20.00 target price on shares of Azul in a report on Monday, September 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a report on Wednesday, September 9th. They issued a “buy” rating and a $11.00 price target on the stock. Weiss Ratings cut Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. The Goldman Sachs Group began coverage on shares of Azul in a research note on Monday, October 19th. They issued a “neutral” rating and a $8.10 price objective for the company. Finally, Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Azul currently has a consensus rating of “Hold” and an average price target of $13.03.

Azul Stock Performance

The company’s 50 day moving average price is $6.87.

Azul Company Profile

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.