Azul (NYSE:AZUL) Shares Gap Down – Here’s What Happened

Shares of Azul (NYSE:AZUL) gapped down prior to trading on Monday . The stock had previously closed at $8.47, but opened at $8.14. Azul shares last traded at $8.0750, with a volume of 143 shares changing hands.

Analyst Ratings Changes

Several research analysts have issued reports on AZUL shares. Zacks Research upgraded shares of Azul to a “strong sell” rating in a report on Wednesday, July 22nd. Weiss Ratings began coverage on shares of Azul in a research note on Friday, July 10th. They issued a “sell (d)” rating on the stock. Finally, BWS Financial reiterated a “buy” rating and set a $20.00 price objective on shares of Azul in a research report on Monday. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $20.00.

Azul Stock Performance

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.