Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives $7.44 Consensus PT from Brokerages

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.4375.

VLRS has been the topic of several research reports. Wall Street Zen cut Controladora Vuela Compania de Aviacion from a “hold” rating to a “sell” rating in a report on Sunday, August 24th. Barclays lifted their target price on Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. The Goldman Sachs Group reduced their target price on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a “buy” rating on the stock in a report on Tuesday, June 10th. Citigroup lowered Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a research report on Friday, August 22nd. Finally, UBS Group lifted their price target on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st.

Controladora Vuela Compania de Aviacion Price Performance

NYSE VLRS opened at $6.17 on Friday. The business’s fifty day moving average price is $5.48 and its 200-day moving average price is $5.10. The stock has a market capitalization of $718.84 million, a price-to-earnings ratio of -22.83 and a beta of 2.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.68. Controladora Vuela Compania de Aviacion has a 1-year low of $3.49 and a 1-year high of $9.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.21. The firm had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $664.01 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%.During the same period in the prior year, the firm earned $0.09 EPS. On average, equities analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Shay Capital LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $214,000. Jump Financial LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at approximately $1,611,000. Diametric Capital LP purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at approximately $1,067,000. M&T Bank Corp purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at approximately $704,000. Finally, American Century Companies Inc. boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 2.8% in the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after purchasing an additional 7,626 shares during the period. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion 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.