Azul (NYSE:AZUL) Sees Strong Trading Volume – What’s Next?

Azul (NYSE:AZUL) shares saw unusually-strong trading volume on Thursday. 594,455 shares were traded during trading, an increase of 219% from the average daily volume of 186,296 shares. The stock last traded at $3.7510 and had previously closed at $3.77.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BWS Financial reissued a “buy” rating and issued a $20.00 price target on shares of Azul in a research note on Monday, September 21st. Weiss Ratings lowered Azul from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Zacks Research raised Azul from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Azul in a research note on Wednesday, September 9th. They issued a “buy” rating and a $11.00 target price on the stock. Two equities research 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. According to MarketBeat.com, Azul presently has a consensus rating of “Hold” and a consensus price target of $13.03.

Azul Price Performance

The firm’s 50-day moving average price is $6.65.

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.