Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.83 and traded as low as $7.53. Controladora Vuela Compañía de Aviación shares last traded at $7.70, with a volume of 616,014 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Barclays reissued an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Finally, TD Cowen boosted their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

The firm has a market cap of $897.80 million, a price-to-earnings ratio of 4.64 and a beta of 2.42. The firm’s 50 day moving average is $7.84 and its 200-day moving average is $6.80. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. During the same quarter in the prior year, the business earned ($0.33) earnings per share. Sell-side analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently made changes to their positions in VLRS. American Century Companies Inc. boosted its position in shares of Controladora Vuela Compañía de Aviación by 2.7% in the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after acquiring an additional 5,461 shares during the period. Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at $64,000. Squarepoint Ops LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 207.3% in the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 40,955 shares during the period. AQR Capital Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter worth $408,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $1,338,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.