Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Stock Has Average Price Target of $9.40

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $9.40.

VLRS has been the topic of several research analyst reports. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Sunday. UBS Group upped their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group cut their price target on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, October 29th.

Controladora Vuela Compania de Aviacion Stock Up 0.4%

VLRS opened at $6.88 on Wednesday. The company has a debt-to-equity ratio of 10.31, a current ratio of 0.67 and a quick ratio of 0.66. The stock has a market capitalization of $801.62 million, a price-to-earnings ratio of -3.58 and a beta of 1.94. The business has a 50-day moving average of $6.42 and a two-hundred day moving average of $7.69. Controladora Vuela Compania de Aviacion has a 12 month low of $5.45 and a 12 month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings data on Monday, October 26th. The transportation company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $982.29 million. Controladora Vuela Compania de Aviacion had a negative net margin of 6.20% and a negative return on equity of 151.52%. On average, research analysts expect that Controladora Vuela Compania de Aviacion will post -2.45 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently made changes to their positions in VLRS. Bank of America Corp DE raised its position in shares of Controladora Vuela Compania de Aviacion by 55.4% in the 1st quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock worth $4,264,000 after buying an additional 209,978 shares during the period. Dorsey Wright & Associates acquired a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at $1,840,000. Diversify Wealth Management LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the first quarter valued at about $1,279,000. Empowered Funds LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the first quarter valued at about $1,103,000. Finally, WINTON GROUP Ltd purchased a new stake in Controladora Vuela Compania de Aviacion during the second quarter valued at about $653,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.