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

Azul (NYSE:AZUL)’s share price gapped down before the market opened on Friday . The stock had previously closed at $7.40, but opened at $7.10. Azul shares last traded at $7.1760, with a volume of 109 shares traded.

Analyst Ratings Changes

AZUL has been the topic of a number of research analyst reports. Weiss Ratings initiated coverage on shares of Azul in a research report on Friday, July 10th. They set a “sell (d)” rating on the stock. BWS Financial reiterated a “buy” rating and issued a $20.00 price target on shares of Azul in a report on Monday, August 17th. Finally, Zacks Research raised Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Azul presently has an average rating of “Reduce” and a consensus target price of $20.00.

Azul Stock Down 1.2%

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.