Analysts Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Price Target at $8.63

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have received a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $8.6333.

VLRS has been the topic of several recent analyst reports. Bank of America upped their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research report on Monday, December 22nd. 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 report on Tuesday, March 24th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Finally, Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its holdings in Controladora Vuela Compania de Aviacion by 2.8% during the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock worth $1,337,000 after buying an additional 7,626 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth about $1,611,000. Shay Capital LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth about $214,000. Inspire Investing LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 20.7% during the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock worth $100,000 after acquiring an additional 2,389 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter worth about $490,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Price Performance

Shares of VLRS opened at $8.05 on Friday. The company has a 50 day moving average of $8.05 and a two-hundred day moving average of $7.99. 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 has a twelve month low of $3.49 and a twelve month high of $10.80. The company has a market cap of $938.05 million, a price-to-earnings ratio of -9.04 and a beta of 1.92.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly 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 return on equity of 38.03% and a negative net margin of 3.42%.The business had revenue of $882.00 million for the quarter. As a group, analysts predict that Controladora Vuela Compania de Aviacion will post -1.31 earnings per share for the current fiscal year.

About Controladora Vuela Compania de Aviacion

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.