Controladora Vuela Compania de Aviacion (NYSE:VLRS) Rating Lowered to Underperform at Itau BBA Securities

Controladora Vuela Compania de Aviacion (NYSE:VLRS) was downgraded by Itau BBA Securities from a “market perform” rating to an “underperform” rating in a research note issued on Thursday, Marketbeat reports. They presently have a $7.40 price target on the transportation company’s stock. Itau BBA Securities’ price target indicates a potential downside of 3.85% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Monday, April 20th. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. The Goldman Sachs Group lowered Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective on the stock. in a report on Monday, April 13th. Finally, Barclays decreased their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.86.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of Controladora Vuela Compania de Aviacion stock opened at $7.70 on Thursday. The firm has a market capitalization of $897.35 million, a P/E ratio of -7.19 and a beta of 1.77. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The company has a 50 day moving average price of $7.49 and a 200 day moving average price of $8.04. Controladora Vuela Compania de Aviacion has a 52 week low of $3.97 and a 52 week high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The company had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. Sell-side analysts expect that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dorsey Wright & Associates purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth $1,840,000. Diversify Wealth Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth $1,279,000. Personal CFO Solutions LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth about $221,000. AdvisorShares Investments LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth about $860,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth about $177,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

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.