Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Stock Rated “Hold” by Wall Street Brokerages

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have received an average rating of “Hold” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $9.40.

VLRS has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 31st. Finally, UBS Group boosted their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 5th.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of NYSE:VLRS traded down $0.10 during trading on Friday, hitting $5.89. 764,999 shares of the company traded hands, compared to its average volume of 387,458. The stock has a market capitalization of $687.36 million, a price-to-earnings ratio of -3.59 and a beta of 1.81. The business’s fifty day moving average is $6.76 and its 200-day moving average is $7.47. Controladora Vuela Compania de Aviacion has a one year low of $5.79 and a one year 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.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.03). Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. The company had revenue of $859.00 million for the quarter, compared to analyst estimates of $854.70 million. As a group, equities analysts predict that Controladora Vuela Compania de Aviacion will post -2.49 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several hedge funds have recently bought and sold shares of VLRS. Confluence Investment Management LLC grew its holdings in Controladora Vuela Compania de Aviacion by 5.6% during the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock worth $212,000 after acquiring an additional 1,710 shares during the period. GAMMA Investing LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 238.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 2,301 shares during the last quarter. Fourth Sail Capital LP lifted its holdings in Controladora Vuela Compania de Aviacion by 0.4% in the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after acquiring an additional 3,277 shares during the last quarter. Royal Bank of Canada boosted its position in shares of 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 valued at $56,000 after purchasing an additional 7,632 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter valued at about $187,000. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. is the holding company for Volaris, an ultra-low-cost airline headquartered in Mexico. The company provides scheduled passenger air transportation, offering primarily point-to-point flights at affordable fares, along with ancillary services such as baggage, seat selection and other travel-related products.

Volaris began operations in 2006 and has developed an extensive domestic network in Mexico, connecting major cities with leisure and business destinations.