Azul (NYSE:AZUL) Sees Large Volume Increase – Still a Buy?

Azul (NYSE:AZUL) shares saw unusually-high trading volume on Thursday . 546,546 shares were traded during mid-day trading, an increase of 286% from the previous session’s volume of 141,592 shares.The stock last traded at $6.62 and had previously closed at $6.57.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Azul in a research note on Wednesday, September 9th. They set a “buy” rating and a $11.00 target price on the stock. Weiss Ratings started coverage on shares of Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating for the company. Zacks Research upgraded shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. BWS Financial reissued a “buy” rating and set a $20.00 target price on shares of Azul in a report on Monday, August 17th. Finally, Wall Street Zen cut Azul from a “hold” rating to a “sell” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Azul presently has a consensus rating of “Hold” and an average price target of $15.50.

Azul Price Performance

The stock has a fifty day moving average price of $7.99.

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.