Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Cut to $11.00 by Analysts at Citigroup

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its target price lowered by Citigroup from $13.00 to $11.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Other research analysts also recently issued reports about the stock. Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. StockNews.com cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, UBS Group upped their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of “Moderate Buy” and an average price target of $12.88.

Controladora Vuela Compañía de Aviación Stock Up 5.7 %

Shares of NYSE VLRS opened at $6.42 on Wednesday. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. The company has a market capitalization of $747.98 million, a price-to-earnings ratio of 3.86 and a beta of 2.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The business has a 50-day moving average of $7.85 and a two-hundred day moving average of $7.32.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The business had revenue of $835.00 million during the quarter, compared to analyst estimates of $709.48 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. On average, analysts forecast that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of large investors have recently bought and sold shares of the company. Aigen Investment Management LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at about $92,000. MQS Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $108,000. BNP Paribas Financial Markets increased its position in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after purchasing an additional 51,580 shares during the period. Centiva Capital LP purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $320,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $130,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Company Profile

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.