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

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $7.57 and traded as low as $6.84. Controladora Vuela Compania de Aviacion shares last traded at $6.9350, with a volume of 440,104 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on VLRS. Jefferies Financial Group began coverage on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They issued a “hold” rating and a $10.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, June 12th. UBS Group lifted their target price on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group cut their price target on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.73.

Controladora Vuela Compania de Aviacion Stock Down 0.1%

The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.78. The company has a 50 day simple moving average of $7.25 and a two-hundred day simple moving average of $7.57. The firm has a market capitalization of $784.25 million, a P/E ratio of -4.10 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) EPS for the quarter, missing the consensus estimate of ($1.08) by ($0.03). The company had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. On average, equities analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post -2.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Fourth Sail Capital LP grew its position in shares of Controladora Vuela Compania de Aviacion by 0.4% during the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after purchasing an additional 3,277 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Controladora Vuela Compania de Aviacion by 55.4% in the first quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock worth $4,264,000 after buying an additional 209,978 shares in the last quarter. Dorsey Wright & Associates purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the first quarter worth about $1,840,000. Diversify Wealth Management LLC bought a new position in Controladora Vuela Compania de Aviacion during the first quarter valued at approximately $1,279,000. Finally, Empowered Funds LLC bought a new position in Controladora Vuela Compania de Aviacion during the first quarter valued at approximately $1,103,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. is the holding company of Volaris, an ultra-low-cost airline based in Mexico. Founded in 2005, Volaris began commercial operations in 2006 and provides scheduled passenger air transportation, with additional revenue from ancillary offerings such as baggage, seat selection and other travel-related services.

Volaris serves a broad network of destinations in Mexico, the United States and Central America. Its operations connect major Mexican cities with U.S.