Benzinga | Sep 4, 2020 09:54AM EDT

Why Azul's Stock Is Trading Higher Today

Azul SA (NYSE:AZUL) shares are trading higher on Friday after Raymond James upgraded the stock from Market Perform to Outperform and announced a price target of $16 per share.

Azul is primarily involved in air transportation services. The company offers airline passenger and cargo services. It operates daily flights departing from Fort Lauderdale and Orlando also it schedules flights more than 100 destinations through Brazil.

The main assets generating revenue of the group are its aircraft, from which revenue is generated in Brazil. Other revenues are basically derived from cargo operations, interest on installment sales, luggage fares, excess luggage, penalties for cancellation of tickets, and all items are directly attributed to air transport services.

Azul shares were trading up 1.75% to $13.96 on Friday during the time of publication. The stock has a 52-week high of $44.55 and a 52-week low of $5.30.