Controladora Vuela Compañía de Aviación (NYSE:VLRS) Hits New 12-Month Low – Here’s What Happened

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) reached a new 52-week low during trading on Monday . The company traded as low as $4.51 and last traded at $4.63, with a volume of 1308 shares. The stock had previously closed at $4.86.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Itau BBA Securities assumed coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target on the stock. UBS Group boosted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Citigroup lowered their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

Controladora Vuela Compañía de Aviación Stock Performance

The firm has a market capitalization of $580.66 million, a P/E ratio of 2.96 and a beta of 2.17. The company has a 50-day moving average of $6.72 and a 200-day moving average of $7.25. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. On average, equities analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in Controladora Vuela Compañía de Aviación by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares during the period. Stifel Financial Corp lifted its stake in shares of Controladora Vuela Compañía de Aviación by 9.0% in the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock valued at $241,000 after purchasing an additional 3,135 shares during the period. R Squared Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $68,000. Prudential Financial Inc. acquired a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $79,000. Finally, Sei Investments Co. acquired a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $79,000. 53.32% of the stock is owned by institutional investors.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.