Jefferies Financial Group Initiates Coverage on Controladora Vuela Compania de Aviacion (NYSE:VLRS)

Analysts at Jefferies Financial Group started coverage on shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) in a research report issued on Thursday. The firm set a “hold” rating and a $10.00 price target on the transportation company’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 15.14% from the company’s current price.

A number of other brokerages have also commented on VLRS. 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. 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 target price for the company. in a research report on Thursday, May 7th. JPMorgan Chase & Co. decreased 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. Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group cut shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective for the company. in a research note on Monday, April 13th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.87.

Controladora Vuela Compania de Aviacion Trading Up 0.2%

Shares of NYSE:VLRS opened at $8.69 on Thursday. Controladora Vuela Compania de Aviacion has a 12-month low of $4.15 and a 12-month high of $10.80. The stock has a market cap of $1.01 billion, a PE ratio of -8.12 and a beta of 1.77. The business has a 50 day moving average of $7.51 and a 200-day moving average of $8.19. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The firm had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. As a group, equities research analysts forecast that Controladora Vuela Compania de Aviacion will post -2.42 earnings per share for the current year.

Insider Activity

In other news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total transaction of $377,000.00. Following the completion of the transaction, the director owned 2,946,050 shares of the company’s stock, valued at approximately $22,213,217. The trade was a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.51% of the company’s stock.

Institutional Trading of Controladora Vuela Compania de Aviacion

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $28,000. Royal Bank of Canada grew its position in Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after acquiring an additional 7,632 shares during the last quarter. R Squared Ltd acquired a new position in Controladora Vuela Compania de Aviacion in the 4th quarter worth about $100,000. Engineers Gate Manager LP bought a new position in Controladora Vuela Compania de Aviacion in the fourth quarter valued at about $137,000. Finally, HRT Financial LP bought a new position in Controladora Vuela Compania de Aviacion in the fourth quarter valued at about $168,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.