Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Passes Below Two Hundred Day Moving Average of $7.86

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.86 and traded as low as $6.31. Controladora Vuela Compañía de Aviación shares last traded at $6.36, with a volume of 679,626 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 21st. Barclays raised their price objective on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley assumed coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Friday, May 24th. They issued an "overweight" rating and a $12.00 price objective on the stock. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of "Buy" and a consensus price target of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

The stock has a fifty day moving average of $7.71 and a 200-day moving average of $7.86. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $741.58 million, a P/E ratio of 6.56 and a beta of 2.50.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a return on equity of 54.46% and a net margin of 3.40%. The business had revenue of $768.00 million during the quarter, compared to analysts' expectations of $685.84 million. Equities analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $43,000. EverSource Wealth Advisors LLC grew its position in shares of Controladora Vuela Compañía de Aviación by 174.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company's stock valued at $49,000 after purchasing an additional 3,324 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $169,000. American Trust grew its position in shares of Controladora Vuela Compañía de Aviación by 7.8% in the 3rd quarter. American Trust now owns 25,365 shares of the transportation company's stock valued at $172,000 after purchasing an additional 1,837 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 1st quarter valued at approximately $211,000. 53.32% of the stock is owned by institutional investors.

About Controladora Vuela Compañía de Aviación

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.