Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Stock Has Average Price Target of $9.40 According to Analysts

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS – Get Free Report) has been assigned an average rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.40.

A number of equities analysts recently issued reports on VLRS shares. Jefferies Financial Group began coverage on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They set a “hold” rating and a $10.00 target price on the stock. Weiss Ratings lowered shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 31st. UBS Group lifted their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group cut their target price on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th.

Check Out Our Latest Report on VLRS

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 2,301 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after purchasing an additional 7,632 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Controladora Vuela Compania de Aviacion during the first quarter worth about $177,000. FNY Investment Advisers LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $187,000. Finally, Allegheny Financial Group acquired a new position in Controladora Vuela Compania de Aviacion during the first quarter worth about $195,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Trading Down 1.9%

NYSE VLRS opened at $5.91 on Friday. Controladora Vuela Compania de Aviacion has a twelve month low of $5.79 and a twelve month high of $10.80. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $688.51 million, a price-to-earnings ratio of -3.60 and a beta of 1.81. The firm’s 50 day moving average price is $6.84 and its two-hundred day moving average price is $7.49.

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 (EPS) for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.03). Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. The firm had revenue of $859.00 million for the quarter, compared to analyst estimates of $854.70 million. Equities analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.49 EPS for the current year.

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.

Further Reading

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

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