Azul (NYSE:AZUL) Stock Price Down 23.5% - Time to Sell?

Key Points

• Azul shares fell 23.5% to approximately $4.60, significantly below the 50-day moving average of $7.03, while trading volume was 73% below average.
• Analyst sentiment is mixed, with two Buy, two Hold, and one Sell rating; the overall consensus is Hold, with an average price target of $13.03.
• Recent analyst targets range from $8.10 to $20.00, but ratings include a Sell from Weiss Ratings and a Neutral rating from Goldman Sachs, highlighting uncertainty around the Brazilian airline.

Azul (NYSE:AZUL - Get Free Report) shares traded down 23.5% on Monday. The company traded as low as $4.85 and last traded at $4.5980. Approximately 43,438 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 161,239 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

AZUL has been the topic of a number of research analyst reports. Zacks Research raised shares of Azul from a "strong sell" rating to a "hold" rating in a research report on Friday, October 16th. Weiss Ratings reiterated a "sell (d)" rating on shares of Azul in a research report on Tuesday, October 6th. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Azul in a research note on Wednesday, September 9th. They set a "buy" rating and a $11.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of Azul in a report on Monday, October 19th. They set a "neutral" rating and a $8.10 price target on the stock. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $13.03.

Azul Stock Down 21.8%

The company has a 50 day moving average price of $7.03.

About Azul

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.