Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Recommendation of “Hold” from Analysts

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has earned a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.0778.

VLRS has been the topic of a number of research analyst reports. Itau BBA Securities downgraded 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 research report on Thursday, May 7th. The Goldman Sachs Group downgraded shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 target price for the company. in a research report on Monday, April 13th. Jefferies Financial Group assumed coverage on shares of Controladora Vuela Compania de Aviacion in a research note on Thursday, June 18th. They set a “hold” rating and a $10.00 target price for the company. Barclays lowered their price target 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. Finally, JPMorgan Chase & Co. dropped their price target on 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.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion 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 transaction, the director directly owned 2,946,050 shares in the company, valued at approximately $22,213,217. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently bought and sold shares of VLRS. UBS Group AG raised its holdings in shares of Controladora Vuela Compania de Aviacion by 108.5% in the fourth quarter. UBS Group AG now owns 432,989 shares of the transportation company’s stock worth $3,845,000 after buying an additional 225,336 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $1,279,000. M&T Bank Corp purchased a new position in Controladora Vuela Compania de Aviacion during the 4th quarter valued at $1,219,000. Dorsey Wright & Associates purchased a new position in Controladora Vuela Compania de Aviacion during the 1st quarter valued at $1,840,000. Finally, AdvisorShares Investments LLC bought a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at $860,000. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compania de Aviacion Stock Down 0.1%

VLRS stock opened at $7.62 on Monday. Controladora Vuela Compania de Aviacion has a twelve month low of $5.23 and a twelve month high of $10.80. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.78. The firm has a market cap of $887.91 million, a PE ratio of -4.64 and a beta of 1.72. The business has a 50 day moving average of $8.09 and a 200 day moving average of $8.24.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.03). The firm had revenue of $859,266 billion for the quarter, compared to the consensus estimate of $854.70 million. Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. On average, research analysts forecast that Controladora Vuela Compania de Aviacion will post -2.07 EPS for the current fiscal year.

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.