Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) PT at $9.42

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been given a consensus rating of “Hold” by the ten research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.7250.

A number of analysts have weighed in on the stock. Itau BBA Securities cut shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective on the stock. in a report on Thursday, May 7th. Jefferies Financial Group began coverage on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Weiss Ratings cut shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, July 31st. Finally, Barclays reduced their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th.

Controladora Vuela Compania de Aviacion Price Performance

Shares of NYSE VLRS opened at $6.89 on Friday. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64. Controladora Vuela Compania de Aviacion has a fifty-two week low of $5.79 and a fifty-two week high of $10.80. The firm has a market capitalization of $803.84 million, a PE ratio of -4.20 and a beta of 1.72. The stock’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $7.94.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($1.08) by ($0.03). The business had revenue of $859.00 million for the quarter, compared to analysts’ expectations of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. As a group, equities research analysts forecast that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $28,000. GAMMA Investing LLC increased its position in Controladora Vuela Compania de Aviacion by 238.7% during the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after buying an additional 2,301 shares during the period. Royal Bank of Canada lifted its stake in Controladora Vuela Compania de Aviacion by 6,204.9% in the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after buying an additional 7,632 shares during the last quarter. R Squared Ltd purchased a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $100,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $137,000. 53.32% of the stock is owned by hedge funds and other 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.