Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.37 and traded as high as $7.08. Controladora Vuela Compania de Aviacion shares last traded at $7.02, with a volume of 309,499 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on VLRS shares. Citigroup lowered Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price objective for the company. in a research note on Friday, August 22nd. Evercore ISI increased their target price on Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Barclays increased their target price on Controladora Vuela Compania de Aviacion from $5.50 to $7.00 and gave the stock an "equal weight" rating in a report on Tuesday. Weiss Ratings restated a "sell (d)" rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, October 8th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $8.22.

Controladora Vuela Compania de Aviacion Stock Performance

The firm has a fifty day moving average of $6.37 and a 200-day moving average of $5.25. The firm has a market cap of $817.93 million, a P/E ratio of -25.98 and a beta of 2.02. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.73.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $0.21. The business had revenue of $693.00 million for the quarter, compared to analysts' expectations of $664.01 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%.During the same quarter last year, the business earned $0.09 earnings per share. Research analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in Controladora Vuela Compania de Aviacion by 5.9% in the first quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company's stock valued at $6,610,000 after acquiring an additional 71,163 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Controladora Vuela Compania de Aviacion by 322.5% during the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock worth $6,683,000 after buying an additional 977,249 shares during the last quarter. Moneda S.A. Administradora General de Fondos boosted its holdings in Controladora Vuela Compania de Aviacion by 5.3% during the first quarter. Moneda S.A. Administradora General de Fondos now owns 294,457 shares of the transportation company's stock worth $1,537,000 after buying an additional 14,725 shares during the last quarter. American Century Companies Inc. boosted its holdings in Controladora Vuela Compania de Aviacion by 4.1% during the first quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company's stock worth $1,429,000 after buying an additional 10,706 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Controladora Vuela Compania de Aviacion by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock worth $373,000 after buying an additional 7,088 shares during the last quarter. Institutional investors own 53.32% of the company's stock.

About Controladora Vuela Compania de Aviacion

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.

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