Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Passes Above 50-Day Moving Average – Here’s Why

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.45 and traded as high as $10.01. Controladora Vuela Compania de Aviacion shares last traded at $9.3550, with a volume of 1,180,426 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VLRS shares. Barclays increased their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.00 price target (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 14th. Bank of America lifted their price objective on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research note on Monday, December 22nd. Zacks Research raised Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.02.

Controladora Vuela Compania de Aviacion Price Performance

The company’s 50 day simple moving average is $9.45 and its 200 day simple moving average is $7.64. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.67 and a quick ratio of 0.66.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $28,000. Savant Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the third quarter valued at approximately $77,000. R Squared Ltd purchased a new position in Controladora Vuela Compania de Aviacion in the fourth quarter worth approximately $100,000. Inspire Investing LLC lifted its stake in Controladora Vuela Compania de Aviacion by 20.7% in the third quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock worth $100,000 after acquiring an additional 2,389 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $137,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.