Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) PT at $8.97

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $8.7444.

Several brokerages have weighed in on VLRS. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. cut their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Barclays lowered their price target on Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Bank of America upped their price target on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research note on Monday, December 22nd.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently bought and sold shares of VLRS. Diametric Capital LP acquired a new position in Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $1,067,000. M&T Bank Corp acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter worth $704,000. HB Wealth Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter worth $490,000. State of Wyoming purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter valued at $417,000. Finally, Inspire Investing LLC raised its stake in shares of Controladora Vuela Compania de Aviacion by 20.7% in the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 2,389 shares during the period. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of NYSE VLRS opened at $7.48 on Tuesday. The company has a 50-day simple moving average of $8.80 and a 200-day simple moving average of $7.87. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.73 and a quick ratio of 0.72. The company has a market cap of $871.69 million, a PE ratio of -8.40 and a beta of 1.86. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data on Tuesday, February 24th. The transportation company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.21). Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. The firm had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $845.68 million. On average, equities analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.