Controladora Vuela Compania de Aviacion (NYSE:VLRS) Downgraded by Zacks Research to Strong Sell

Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 31st. UBS Group raised their price target on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group reduced their price target on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group assumed coverage on shares of Controladora Vuela Compania de Aviacion in a research note on Thursday, June 18th. They set a “hold” rating and a $10.00 price target on the stock. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Controladora Vuela Compania de Aviacion currently has an average rating of “Hold” and an average price target of $9.40.

Read Our Latest Stock Report on Controladora Vuela Compania de Aviacion

Controladora Vuela Compania de Aviacion Price Performance

VLRS traded down $0.10 during trading on Thursday, hitting $5.89. 764,999 shares of the company traded hands, compared to its average volume of 387,458. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.78. The company has a market cap of $687.36 million, a PE ratio of -3.59 and a beta of 1.81. The stock’s 50-day simple moving average is $6.76 and its two-hundred day simple moving average is $7.47. Controladora Vuela Compania de Aviacion has a 1 year low of $5.79 and a 1 year high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) EPS for the quarter, missing the consensus estimate of ($1.08) by ($0.03). The company had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. As a group, sell-side analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.49 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VLRS. Confluence Investment Management LLC lifted its stake in Controladora Vuela Compania de Aviacion by 5.6% in the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock worth $212,000 after purchasing an additional 1,710 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Controladora Vuela Compania de Aviacion by 238.7% during the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after buying an additional 2,301 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Controladora Vuela Compania de Aviacion by 6,204.9% in the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after buying an additional 7,632 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter worth approximately $187,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the first quarter worth approximately $177,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compania de Aviacion

(Get Free Report)

Controladora Vuela Compañía de Aviación, SAB. de C.V. is the holding company for Volaris, an ultra-low-cost airline headquartered in Mexico. The company provides scheduled passenger air transportation, offering primarily point-to-point flights at affordable fares, along with ancillary services such as baggage, seat selection and other travel-related products.

Volaris began operations in 2006 and has developed an extensive domestic network in Mexico, connecting major cities with leisure and business destinations.

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Analyst Recommendations for Controladora Vuela Compania de Aviacion (NYSE:VLRS)

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