Controladora Vuela Compania de Aviacion (NYSE:VLRS) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 target price (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 14th. Barclays boosted their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Finally, Bank of America lifted their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research note on Monday, December 22nd. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compania de Aviacion presently has a consensus rating of “Hold” and an average price target of $9.02.

Controladora Vuela Compania de Aviacion Trading Down 6.3%

VLRS opened at $8.90 on Tuesday. The stock has a fifty day moving average of $9.51 and a 200-day moving average of $7.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. Controladora Vuela Compania de Aviacion has a 12-month low of $3.49 and a 12-month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Tuesday, February 24th. The transportation company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). The business had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $845.68 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 37.54%. As a group, research analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $28,000. Savant Capital LLC bought a new position in Controladora Vuela Compania de Aviacion during the third quarter valued at about $77,000. R Squared Ltd bought a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at about $100,000. Inspire Investing LLC lifted its position in shares of Controladora Vuela Compania de Aviacion by 20.7% in the third quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock worth $100,000 after buying an additional 2,389 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after acquiring an additional 7,929 shares in the last quarter. 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.