Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Passes Below 200-Day Moving Average of $6.92

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.92 and traded as low as $6.52. Controladora Vuela Compañía de Aviación shares last traded at $6.55, with a volume of 598,310 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. TD Cowen reduced their price target on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.52.

Controladora Vuela Compañía de Aviación Price Performance

The stock has a market cap of $763.72 million, a price-to-earnings ratio of 6.75 and a beta of 2.46. The stock’s 50 day moving average price is $6.00 and its two-hundred day moving average price is $6.91. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The business had revenue of $726.00 million for the quarter, compared to analysts’ expectations of $739.87 million. Equities research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.86 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Insigneo Advisory Services LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the second quarter worth $64,000. Confluence Investment Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación during the 1st quarter valued at about $211,000. Squarepoint Ops LLC raised 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 acquiring an additional 40,955 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Controladora Vuela Compañía de Aviación by 74.5% in the 4th quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock worth $401,000 after purchasing an additional 18,247 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $408,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.