Controladora Vuela Compania de Aviacion (NYSE:VLRS) Rating Lowered to Strong Sell at Zacks Research

Controladora Vuela Compania de Aviacion (NYSE:VLRS) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group decreased their price objective on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. UBS Group upped their target price on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group assumed coverage on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They set a “hold” rating and a $10.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.40.

Controladora Vuela Compania de Aviacion Price Performance

NYSE VLRS traded down $0.10 during trading hours on Thursday, reaching $5.89. 764,999 shares of the stock traded hands, compared to its average volume of 387,458. The stock has a 50 day simple moving average of $6.76 and a two-hundred day simple moving average of $7.47. Controladora Vuela Compania de Aviacion has a 1 year low of $5.79 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 6.78, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $687.36 million, a price-to-earnings ratio of -3.59 and a beta of 1.81.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $859.00 million for the quarter, compared to the consensus estimate of $854.70 million. On average, analysts predict that Controladora Vuela Compania de Aviacion will post -2.49 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several large investors have recently modified their holdings of the business. Empowered Funds LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $1,103,000. Diversify Wealth Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $1,279,000. Dorsey Wright & Associates purchased a new position in shares of Controladora Vuela Compania de Aviacion during the first quarter valued at approximately $1,840,000. Bank of America Corp DE increased its stake in shares of Controladora Vuela Compania de Aviacion by 55.4% during the first quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock valued at $4,264,000 after buying an additional 209,978 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the first quarter valued at approximately $470,000. 53.32% of the stock is owned by institutional investors.

About Controladora Vuela Compania de Aviacion

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.