Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS – Get Free Report) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.4222.
A number of equities research analysts have issued reports on VLRS shares. The Goldman Sachs Group cut their price objective on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a report on Tuesday, August 11th. UBS Group raised their target price on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective for the company. in a report on Thursday, May 7th. Barclays cut their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. decreased their target price on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, June 12th.
Check Out Our Latest Stock Report on Controladora Vuela Compania de Aviacion
Insider Buying and Selling at Controladora Vuela Compania de Aviacion
Institutional Trading of Controladora Vuela Compania de Aviacion
Several hedge funds have recently made changes to their positions in VLRS. Public Employees Retirement System of Ohio bought a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 238.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after purchasing an additional 2,301 shares during the period. Royal Bank of Canada increased its position in shares of Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 7,632 shares during the last quarter. R Squared Ltd bought a new position in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $100,000. Finally, Engineers Gate Manager LP purchased a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter valued at $137,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.
Controladora Vuela Compania de Aviacion Price Performance
NYSE:VLRS opened at $6.85 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.78. The business’s 50-day simple moving average is $8.30 and its two-hundred day simple moving average is $8.05. The stock has a market cap of $798.70 million, a PE ratio of -4.18 and a beta of 1.72. Controladora Vuela Compania de Aviacion has a 52 week low of $5.70 and a 52 week high of $10.80.
Controladora Vuela Compania de Aviacion (NYSE:VLRS – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.03). The business had revenue of $859.00 million during the quarter, compared to the consensus estimate 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, analysts forecast that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current fiscal year.
About Controladora Vuela Compania de Aviacion
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.
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