TD Cowen Lowers Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $6.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target reduced by stock analysts at TD Cowen from $10.00 to $6.00 in a report released on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price would indicate a potential upside of 27.93% from the company’s current price.

VLRS has been the subject of several other reports. Itau BBA Securities assumed coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price target for the company. StockNews.com cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Citigroup decreased their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price objective on Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Finally, UBS Group lifted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.43.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS opened at $4.69 on Friday. Controladora Vuela Compañía de Aviación has a 12 month low of $4.32 and a 12 month high of $9.00. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The firm has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $7.04. The firm has a market capitalization of $546.84 million, a PE ratio of 2.83 and a beta of 2.17.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $835.00 million during the quarter, compared to analysts’ expectations of $709.48 million. Equities analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Controladora Vuela Compañía de Aviación by 34.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 1,641 shares during the last quarter. R Squared Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth $68,000. Prudential Financial Inc. purchased a new position in Controladora Vuela Compañía de Aviación during the fourth quarter worth $79,000. Sei Investments Co. purchased a new position in Controladora Vuela Compañía de Aviación during the fourth quarter worth $79,000. Finally, QRG Capital Management Inc. bought a new position in Controladora Vuela Compañía de Aviación during the first quarter valued at $105,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación 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.