Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.46 and traded as low as $4.70. Controladora Vuela Compañía de Aviación shares last traded at $4.80, with a volume of 558,043 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley lowered Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price target on the stock. in a report on Tuesday, April 29th. Citigroup lowered their target price on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Barclays lowered shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $12.00 to $4.50 in a research note on Tuesday, April 29th. Wall Street Zen cut shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, UBS Group lowered their price objective on shares of Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $7.27.

Controladora Vuela Compañía de Aviación Trading Up 2.5%

The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $580.66 million, a P/E ratio of 3.00 and a beta of 2.15. The firm's 50-day simple moving average is $4.46 and its 200 day simple moving average is $6.40.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $678.00 million for the quarter, compared to analysts' expectations of $708.83 million. Equities research analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VLRS. Acadian Asset Management LLC boosted its stake in shares of Controladora Vuela Compañía de Aviación by 5.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company's stock worth $6,610,000 after acquiring an additional 71,163 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 322.5% during the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after purchasing an additional 977,249 shares during the last quarter. Ancient Art L.P. lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 22.2% during the first quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock valued at $9,481,000 after purchasing an additional 329,496 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the first quarter valued at $534,000. Finally, Banco BTG Pactual S.A. purchased a new position in Controladora Vuela Compañía de Aviación in the 1st quarter worth about $2,056,000. Institutional investors and hedge funds own 53.32% of the company's stock.

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.