Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Lowered to $8.60 at The Goldman Sachs Group

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target reduced by The Goldman Sachs Group from $9.60 to $8.60 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 74.62% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. UBS Group cut their price objective on Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, May 15th. Barclays cut shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup lowered their price target on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, TD Cowen dropped their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación has a consensus rating of “Moderate Buy” and a consensus target price of $7.44.

Controladora Vuela Compañía de Aviación Stock Down 1.3%

Shares of NYSE VLRS traded down $0.07 during midday trading on Tuesday, reaching $4.93. The company’s stock had a trading volume of 512,959 shares, compared to its average volume of 882,123. The stock has a market capitalization of $574.25 million, a price-to-earnings ratio of 2.97 and a beta of 2.15. Controladora Vuela Compañía de Aviación has a fifty-two week low of $3.49 and a fifty-two week high of $9.00. The stock has a 50 day simple moving average of $4.45 and a 200-day simple moving average of $6.38. 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 announced its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10. 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 $678.00 million during the quarter, compared to analysts’ expectations of $708.83 million. Equities research analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Controladora Vuela Compañía de Aviación by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock worth $48,000 after purchasing an additional 1,641 shares during the last quarter. Prudential Financial Inc. acquired a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $79,000. Sei Investments Co. bought a new position in Controladora Vuela Compañía de Aviación during the 4th quarter worth $79,000. MMA Asset Management LLC bought a new position in Controladora Vuela Compañía de Aviación during the 4th quarter worth $112,000. Finally, Virtu Financial LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth $112,000. Institutional investors own 53.32% of the company’s stock.

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.