Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.61 and traded as high as $6.68. Controladora Vuela Compania de Aviacion shares last traded at $6.59, with a volume of 445,156 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays lifted their price objective on shares of Controladora Vuela Compania de Aviacion from $5.50 to $7.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Citigroup downgraded shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research note on Friday, August 22nd. Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. UBS Group raised their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, TD Cowen raised their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Controladora Vuela Compania de Aviacion has a consensus rating of “Hold” and a consensus price target of $8.22.

Controladora Vuela Compania de Aviacion Stock Down 0.6%

The company has a debt-to-equity ratio of 1.73, a current ratio of 0.67 and a quick ratio of 0.66. The business’s fifty day simple moving average is $6.61 and its two-hundred day simple moving average is $5.44. The company has a market cap of $768.39 million, a PE ratio of -12.20 and a beta of 2.06.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Monday, October 27th. The transportation company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. The company had revenue of $42.63 million during the quarter, compared to analysts’ expectations of $783.85 million. On average, analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC grew its position in shares of Controladora Vuela Compania de Aviacion by 5.9% in the first quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company’s stock valued at $6,610,000 after purchasing an additional 71,163 shares during the period. AQR Capital Management LLC lifted its stake in Controladora Vuela Compania de Aviacion by 322.5% in the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company’s stock worth $6,683,000 after purchasing an additional 977,249 shares in the last quarter. Moneda S.A. Administradora General de Fondos lifted its stake in Controladora Vuela Compania de Aviacion by 5.3% in the 1st quarter. Moneda S.A. Administradora General de Fondos now owns 294,457 shares of the transportation company’s stock worth $1,537,000 after purchasing an additional 14,725 shares in the last quarter. American Century Companies Inc. lifted its stake in Controladora Vuela Compania de Aviacion by 4.1% in the 1st quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company’s stock worth $1,429,000 after purchasing an additional 10,706 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Controladora Vuela Compania de Aviacion by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company’s stock worth $373,000 after purchasing an additional 7,088 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

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.