Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $8.60 Price Target at The Goldman Sachs Group

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target reduced by The Goldman Sachs Group from $9.60 to $8.60 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Itau BBA Securities downgraded Controladora Vuela Compañía de Aviación from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. TD Cowen reduced their price target on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a “buy” rating for the company in a report on Friday, April 25th. Wall Street Zen cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley downgraded Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 price objective on the stock. in a report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.44.

Controladora Vuela Compañía de Aviación Price Performance

NYSE VLRS opened at $4.66 on Tuesday. 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 has a market capitalization of $543.35 million, a price-to-earnings ratio of 2.81 and a beta of 2.15. The company has a 50 day simple moving average of $4.44 and a 200-day simple moving average of $6.33. Controladora Vuela Compañía de Aviación has a 52-week low of $3.49 and a 52-week high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10. The firm had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. Equities research analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its holdings 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 valued at $6,610,000 after acquiring an additional 71,163 shares during the last quarter. AQR Capital Management LLC boosted its position in 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 worth $6,683,000 after purchasing an additional 977,249 shares during the period. Ancient Art L.P. grew its holdings in 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. acquired a new position in Controladora Vuela Compañía de Aviación during the first quarter valued at approximately $534,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Controladora Vuela Compañía de Aviación in the first quarter valued at approximately $2,056,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.