Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Lowered to $8.60 at The Goldman Sachs Group

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its target price trimmed by The Goldman Sachs Group from $9.60 to $8.60 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other research analysts have also recently commented on VLRS. Morgan Stanley cut shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 target price for the company. in a research report on Tuesday, April 29th. TD Cowen decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a “buy” rating for the company in a report on Friday, April 25th. Wall Street Zen cut shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating for the company in a report on Tuesday, May 6th. Finally, Citigroup decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.44.

Controladora Vuela Compañía de Aviación Price Performance

NYSE VLRS opened at $4.87 on Tuesday. Controladora Vuela Compañía de Aviación has a 52 week low of $3.49 and a 52 week 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 stock has a market cap of $567.25 million, a price-to-earnings ratio of 2.93 and a beta of 2.15. The company has a 50-day moving average price of $4.45 and a two-hundred day moving average price of $6.37.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The firm had revenue of $678.00 million during the quarter, compared to analysts’ expectations of $708.83 million. Analysts forecast that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently added to or reduced their stakes in VLRS. Tower Research Capital LLC TRC boosted its stake in shares of Controladora Vuela Compañía de Aviación by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock worth $48,000 after acquiring an additional 1,641 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth $79,000. Prudential Financial Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth $79,000. QRG Capital Management Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 1st quarter worth $105,000. Finally, MMA Asset Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth $112,000. 53.32% of the stock is 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.