Controladora Vuela Compania de Aviacion (NYSE:VLRS) Shares Cross Above 50-Day Moving Average – Here’s Why

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.34 and traded as high as $9.19. Controladora Vuela Compania de Aviacion shares last traded at $8.9650, with a volume of 248,545 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VLRS. Barclays raised Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $11.00 in a research report on Friday, December 19th. Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. JPMorgan Chase & Co. increased their target price on Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, October 8th. Finally, Bank of America increased their price objective on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.92.

Controladora Vuela Compania de Aviacion Trading Down 2.8%

The firm has a 50-day moving average of $7.34 and a two-hundred day moving average of $6.31. The firm has a market capitalization of $1.05 billion, a P/E ratio of -16.60 and a beta of 1.95. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its earnings results on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.08. The firm had revenue of $784.00 million during the quarter, compared to the consensus estimate of $783.85 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%. On average, analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth $55,000. Savant Capital LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter valued at $77,000. Inspire Advisors LLC grew its position in Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after acquiring an additional 7,929 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Controladora Vuela Compania de Aviacion during the 3rd quarter worth $146,000. Finally, Shay Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion in the 2nd quarter worth about $214,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.