Azul (NYSE:AZUL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Azul (NYSE:AZUL) saw unusually-high trading volume on Friday. Approximately 2,998,868 shares changed hands during mid-day trading, an increase of 1,419% from the average daily volume of 197,402 shares. The stock last traded at $4.3240 and had previously closed at $4.40.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AZUL shares. Zacks Research raised shares of Azul from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Weiss Ratings cut Azul from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, October 27th. The Goldman Sachs Group began coverage on Azul in a research note on Monday, October 19th. They issued a “neutral” rating and a $8.10 price target for the company. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.03.

Azul Stock Performance

The business’s 50 day moving average is $6.40.

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.