Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Gap Down to $10.34

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRSGet Rating)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $10.34, but opened at $10.06. Controladora Vuela Compañía de Aviación shares last traded at $9.93, with a volume of 8,649 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VLRS. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Controladora Vuela Compañía de Aviación from $30.00 to $20.00 in a research note on Tuesday, July 19th. StockNews.com began coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Evercore ISI reduced their price target on shares of Controladora Vuela Compañía de Aviación from $30.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, June 27th. Citigroup cut their target price on shares of Controladora Vuela Compañía de Aviación from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Finally, Barclays cut their target price on shares of Controladora Vuela Compañía de Aviación from $27.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Controladora Vuela Compañía de Aviación has an average rating of “Moderate Buy” and a consensus target price of $20.67.

Controladora Vuela Compañía de Aviación Trading Down 13.2 %

The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market cap of $995.43 million, a PE ratio of -32.07 and a beta of 2.60. The company’s 50-day moving average is $11.97 and its 200 day moving average is $15.51.

Controladora Vuela Compañía de Aviación (NYSE:VLRSGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The transportation company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.20). The firm had revenue of $567.00 million during the quarter. Controladora Vuela Compañía de Aviación had a negative net margin of 1.29% and a positive return on equity of 18.21%. As a group, sell-side analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Samalin Investment Counsel LLC increased its stake in Controladora Vuela Compañía de Aviación by 146.2% in the 4th quarter. Samalin Investment Counsel LLC now owns 3,200 shares of the transportation company’s stock valued at $58,000 after buying an additional 1,900 shares during the period. Advisor Group Holdings Inc. increased its stake in Controladora Vuela Compañía de Aviación by 409.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,610 shares of the transportation company’s stock valued at $101,000 after buying an additional 4,509 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in Controladora Vuela Compañía de Aviación in the 1st quarter valued at approximately $102,000. Penserra Capital Management LLC increased its stake in Controladora Vuela Compañía de Aviación by 60.4% in the 1st quarter. Penserra Capital Management LLC now owns 9,519 shares of the transportation company’s stock valued at $173,000 after buying an additional 3,585 shares during the period. Finally, Veriti Management LLC increased its stake in Controladora Vuela Compañía de Aviación by 70.8% in the 2nd quarter. Veriti Management LLC now owns 17,337 shares of the transportation company’s stock valued at $178,000 after buying an additional 7,188 shares during the period. Institutional investors and hedge funds own 52.16% of the company’s stock.

Controladora Vuela Compañía de Aviación Company Profile

(Get Rating)

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiaries, 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 410 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, and 3 cities in Central America.

See Also

Receive News & Ratings for Controladora Vuela Compañía de Aviación Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Compañía de Aviación and related companies with MarketBeat.com's FREE daily email newsletter.