The Goldman Sachs Group Cuts Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $8.60

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target trimmed by The Goldman Sachs Group from $9.60 to $8.60 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on VLRS. Morgan Stanley downgraded Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 target price for the company. in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Barclays lowered shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th. UBS Group dropped their price target on Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $7.44.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS opened at $4.66 on Tuesday. Controladora Vuela Compañía de Aviación has a 12-month low of $3.49 and a 12-month high of $9.00. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The firm has a market cap of $543.35 million, a PE ratio of 2.81 and a beta of 2.15. The company’s 50 day simple moving average is $4.44 and its 200-day simple moving average is $6.33.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The business had revenue of $678.00 million during the quarter, compared to the consensus estimate of $708.83 million. As a group, equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Controladora Vuela Compañía de Aviación by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $79,000. Prudential Financial Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $79,000. QRG Capital Management Inc. acquired a new position in Controladora Vuela Compañía de Aviación in the 1st quarter worth approximately $105,000. Finally, MMA Asset Management LLC purchased a new position in Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $112,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.