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

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.40.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, June 12th. The Goldman Sachs Group decreased their target price on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings downgraded Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. Jefferies Financial Group assumed coverage on 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, UBS Group boosted their price objective on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th.

Controladora Vuela Compania de Aviacion Trading Down 1.0%

NYSE VLRS opened at $6.21 on Friday. The firm’s fifty day moving average price is $6.98 and its 200 day moving average price is $7.52. Controladora Vuela Compania de Aviacion has a 12 month low of $5.79 and a 12 month 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 capitalization of $724.67 million, a price-to-earnings ratio of -3.79 and a beta of 1.81.

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 net margin of 5.71% and a negative return on equity of 93.91%. The company had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $854.70 million. On average, sell-side analysts expect 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 institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Controladora Vuela Compania de Aviacion by 238.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after purchasing an additional 2,301 shares during the period. Royal Bank of Canada increased its stake in Controladora Vuela Compania de Aviacion by 6,204.9% in the first 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 during the period. Y Intercept Hong Kong Ltd acquired a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at $177,000. FNY Investment Advisers LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at about $187,000. Finally, Allegheny Financial Group acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $195,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.