Controladora Vuela Compania de Aviacion (NYSE:VLRS) Lowered to “Neutral” Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The Goldman Sachs Group currently has $7.60 price objective on the transportation company’s stock.

Several other brokerages have also issued reports on VLRS. Barclays dropped their target price on shares of Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Bank of America raised their price target on shares of 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. JPMorgan Chase & Co. dropped their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a research note 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. Finally, Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.63.

Controladora Vuela Compania de Aviacion Stock Down 2.7%

Shares of NYSE VLRS opened at $7.52 on Monday. The company’s 50-day simple moving average is $8.28 and its 200-day simple moving average is $7.96. Controladora Vuela Compania de Aviacion has a 52-week low of $3.49 and a 52-week high of $10.80. The firm has a market cap of $876.23 million, a price-to-earnings ratio of -8.44 and a beta of 1.92. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.68.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its earnings results on Sunday, February 15th. The transportation company reported $0.04 earnings per share (EPS) for the quarter. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. The business had revenue of $882.00 million for the quarter. Equities analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VLRS. Public Employees Retirement System of Ohio purchased a new position in Controladora Vuela Compania de Aviacion in the 4th quarter worth approximately $28,000. Savant Capital LLC purchased a new position in Controladora Vuela Compania de Aviacion in the 3rd quarter worth approximately $77,000. Inspire Investing LLC lifted its stake in 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 worth $100,000 after purchasing an additional 2,389 shares in the last quarter. R Squared Ltd purchased a new position in Controladora Vuela Compania de Aviacion in the 4th quarter worth approximately $100,000. Finally, Engineers Gate Manager LP purchased a new position in Controladora Vuela Compania de Aviacion during the fourth quarter worth about $137,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

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.