Azul (NYSE:AZUL) Trading Down 5.5% – Should You Sell?

Shares of Azul (NYSE:AZUL) dropped 5.5% during trading on Tuesday . The stock traded as low as $7.22 and last traded at $7.18. Approximately 5,732 shares were traded during trading, a decline of 96% from the average session volume of 153,658 shares. The stock had previously closed at $7.60.

Analysts Set New Price Targets

Several research firms have recently commented on AZUL. Weiss Ratings started coverage on Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating on the stock. Zacks Research raised Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Finally, BWS Financial reaffirmed a “buy” rating and set a $20.00 price target on shares of Azul in a research report on Monday, August 17th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Azul currently has an average rating of “Reduce” and an average price target of $20.00.

Azul Stock Down 4.3%

Azul Company Profile

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.