Controladora Vuela Compania de Aviacion (NYSE:VLRS) Given New $10.00 Price Target at Barclays

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective trimmed by Barclays from $12.00 to $10.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Other equities research analysts also recently issued research reports about the company. Bank of America increased their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday, December 22nd. 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. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price on 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. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compania de Aviacion has an average rating of “Hold” and an average target price of $8.74.

Controladora Vuela Compania de Aviacion Trading Up 0.1%

VLRS opened at $7.24 on Tuesday. The firm has a 50-day moving average price of $8.85 and a 200-day moving average price of $7.87. 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 current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.68.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $0.04 EPS 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 business had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $845.68 million. As a group, analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently modified their holdings of VLRS. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 7,626 shares in the last quarter. M&T Bank Corp bought a new stake in Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $704,000. Diametric Capital LP bought a new stake in Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $1,067,000. Jump Financial LLC purchased a new position in Controladora Vuela Compania de Aviacion in the 2nd quarter worth approximately $1,611,000. Finally, Shay Capital LLC purchased a new position in Controladora Vuela Compania de Aviacion in the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.