UBS Group Has Lowered Expectations for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target reduced by analysts at UBS Group from $12.00 to $6.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target would indicate a potential upside of 37.77% from the company’s current price.

Several other research firms have also weighed in on VLRS. Barclays lowered Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $12.00 to $4.50 in a research report on Tuesday, April 29th. Itau BBA Securities downgraded Controladora Vuela Compañía de Aviación from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. TD Cowen lowered their target price on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Citigroup lowered their target price 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, JPMorgan Chase & Co. lowered their target price on Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.27.

Controladora Vuela Compañía de Aviación Stock Up 0.8%

NYSE:VLRS opened at $4.36 on Thursday. The firm has a market capitalization of $507.78 million, a price-to-earnings ratio of 2.62 and a beta of 2.06. Controladora Vuela Compañía de Aviación has a 1-year low of $3.49 and a 1-year 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 business’s fifty day moving average price is $4.75 and its 200 day moving average price is $6.74.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10. The firm had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. On average, sell-side analysts forecast 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

Large investors have recently made changes to their positions in the stock. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $79,000. Prudential Financial Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $79,000. Segall Bryant & Hamill LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $272,000. JPMorgan Chase & Co. boosted its stake in shares of Controladora Vuela Compañía de Aviación by 236.2% during the 4th quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company’s stock worth $1,693,000 after acquiring an additional 159,900 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Controladora Vuela Compañía de Aviación by 53.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 152,534 shares of the transportation company’s stock worth $1,135,000 after acquiring an additional 53,267 shares in the last quarter. Institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compañía de Aviación

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.