Controladora Vuela Compañía de Aviación (NYSE:VLRS) Cut to “Equal Weight” at Morgan Stanley

Morgan Stanley lowered shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from an overweight rating to an equal weight rating in a report published on Tuesday morning, Marketbeat.com reports. Morgan Stanley currently has $4.40 target price on the transportation company’s stock.

A number of other equities analysts have also commented on VLRS. JPMorgan Chase & Co. reduced their price target on shares of Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Itau BBA Securities assumed coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 target price on the stock. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Citigroup reduced their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, UBS Group raised their target price on 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.27.

Controladora Vuela Compañía de Aviación Trading Down 2.4 %

VLRS stock opened at $3.59 on Tuesday. 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 market cap of $418.94 million, a P/E ratio of 2.16 and a beta of 2.17. Controladora Vuela Compañía de Aviación has a 1-year low of $3.49 and a 1-year high of $9.00. The business’s 50 day moving average is $5.19 and its 200-day moving average is $6.96.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.10. 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 $678.00 million during the quarter, compared to analyst estimates of $708.83 million. Equities analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VLRS. Arrowstreet Capital Limited Partnership acquired a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $14,786,000. Mackenzie Financial Corp bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $4,550,000. ABS Direct Equity Fund LLC acquired a new position in Controladora Vuela Compañía de Aviación in the first quarter valued at approximately $1,830,000. WCM Investment Management LLC boosted its stake in Controladora Vuela Compañía de Aviación by 13.3% in the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock valued at $18,423,000 after acquiring an additional 291,252 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter worth $2,106,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

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.