Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Rating Lowered by Zacks Research

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

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Bank of America increased their price objective on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $11.00 target price (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 14th. Finally, Barclays upped their price target on Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Controladora Vuela Compania de Aviacion presently has a consensus rating of “Hold” and a consensus price target of $9.02.

Controladora Vuela Compania de Aviacion Trading Down 6.3%

VLRS opened at $8.90 on Tuesday. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $10.80. The business’s 50 day moving average is $9.51 and its two-hundred day moving average is $7.67. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its earnings results on Tuesday, February 24th. The transportation company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). The business had revenue of $882.00 million during the quarter, compared to analyst estimates of $845.68 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 37.54%. Analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth about $28,000. Savant Capital LLC purchased a new position in Controladora Vuela Compania de Aviacion in the third quarter valued at about $77,000. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $100,000. Inspire Investing LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 20.7% during the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock worth $100,000 after acquiring an additional 2,389 shares in the last quarter. Finally, Inspire Advisors LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after acquiring an additional 7,929 shares in the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.