Controladora Vuela Compañía de Aviación (NYSE:VLRS) Share Price Crosses Below 50 Day Moving Average - What's Next?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report)'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Analyst Ratings Changes

A number of analysts recently weighed in on VLRS shares. Barclays reaffirmed an "overweight" rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. TD Cowen boosted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. UBS Group raised their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $13.01.

Controladora Vuela Compañía de Aviación Trading Up 1.4 %

The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The firm's fifty day moving average price is $7.84 and its 200-day moving average price is $6.80. The company has a market cap of $912.96 million, a price-to-earnings ratio of 4.72 and a beta of 2.42.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.13. The business had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same period in the previous year, the firm posted ($0.33) earnings per share. On average, equities analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Controladora Vuela Compañía de Aviación in the second quarter worth approximately $1,338,000. Perpetual Ltd raised its stake in shares of Controladora Vuela Compañía de Aviación by 30.9% in the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company's stock worth $2,829,000 after buying an additional 105,570 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at $408,000. BNP Paribas Financial Markets boosted its stake in Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company's stock valued at $533,000 after buying an additional 51,580 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in Controladora Vuela Compañía de Aviación during the third quarter worth about $320,000. 53.32% of the stock is currently owned by institutional investors.

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.