Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Cut to $10.50 by Analysts at JPMorgan Chase & Co.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective cut by JPMorgan Chase & Co. from $11.00 to $10.50 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities research analysts have also recently weighed in on VLRS. Barclays upped their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Bank of America upped 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 report on Monday, December 22nd. Finally, Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.97.

Controladora Vuela Compania de Aviacion Stock Performance

Controladora Vuela Compania de Aviacion stock opened at $6.99 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.72 and a current ratio of 0.73. The stock’s fifty day moving average price is $9.20 and its two-hundred day moving average price is $7.79. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its earnings results on Tuesday, February 24th. The transportation company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $845.68 million. Analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $28,000. Savant Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 3rd quarter worth approximately $77,000. R Squared Ltd bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $100,000. Inspire Investing LLC grew its holdings in 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 during the last quarter. Finally, Inspire Advisors LLC increased its position in Controladora Vuela Compania de Aviacion by 44.7% in the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 7,929 shares during the period. 53.32% of the stock is currently owned by institutional investors.

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.