Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) PT at $8.06

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $8.0556.

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a “buy” rating for the company in a research report on Tuesday, June 10th. Citigroup cut shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Friday, August 22nd. JPMorgan Chase & Co. raised their price target on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Saturday, September 27th. Finally, UBS Group increased their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, July 31st.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of VLRS opened at $6.92 on Tuesday. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $9.00. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69. The company has a market capitalization of $806.86 million, a PE ratio of -25.63 and a beta of 2.02. The company’s 50 day moving average price is $6.22 and its 200 day moving average price is $5.18.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.21. The firm had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $664.01 million. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. During the same period in the previous year, the company earned $0.09 earnings per share. Research analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several institutional investors have recently modified their holdings of VLRS. Inspire Investing LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $55,000. QRG Capital Management Inc. acquired a new stake in Controladora Vuela Compania de Aviacion during the first quarter worth $105,000. ABC Arbitrage SA bought a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter valued at $112,000. Inspire Advisors LLC increased its holdings in Controladora Vuela Compania de Aviacion by 44.7% in the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after buying an additional 7,929 shares during the period. Finally, Shay Capital LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $214,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion 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.