Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Crosses Below Two Hundred Day Moving Average of $7.86

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.86 and traded as low as $6.31. Controladora Vuela Compañía de Aviación shares last traded at $6.36, with a volume of 679,626 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays increased their target price on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Finally, Morgan Stanley began coverage on Controladora Vuela Compañía de Aviación in a report on Friday, May 24th. They issued an “overweight” rating and a $12.00 price objective for the company. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $13.01.

Controladora Vuela Compañía de Aviación Trading Up 0.2 %

The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The firm’s 50 day moving average is $7.71 and its two-hundred day moving average is $7.86. The stock has a market cap of $741.58 million, a price-to-earnings ratio of 6.56 and a beta of 2.50.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a return on equity of 54.46% and a net margin of 3.40%. The business had revenue of $768.00 million for the quarter, compared to the consensus estimate of $685.84 million. Equities analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.69 EPS for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several hedge funds have recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd increased its stake in shares of Controladora Vuela Compañía de Aviación by 2,264.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock valued at $8,998,000 after purchasing an additional 918,776 shares during the period. WCM Investment Management LLC increased its position in Controladora Vuela Compañía de Aviación by 51.4% in the 4th quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock valued at $15,971,000 after acquiring an additional 570,449 shares during the period. Quadrature Capital Ltd bought a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $214,000. Jump Financial LLC boosted its position in Controladora Vuela Compañía de Aviación by 74.3% during the 4th quarter. Jump Financial LLC now owns 70,700 shares of the transportation company’s stock worth $663,000 after acquiring an additional 30,143 shares during the period. Finally, Moneda S.A. Administradora General de Fondos grew its stake in shares of Controladora Vuela Compañía de Aviación by 11.2% in the fourth quarter. Moneda S.A. Administradora General de Fondos now owns 1,152,956 shares of the transportation company’s stock worth $10,815,000 after purchasing an additional 116,299 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.