Controladora Vuela Compania de Aviacion (NYSE:VLRS) Earns Hold Rating from Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group started coverage on shares of Controladora Vuela Compania de Aviacion (NYSE:VLRS) in a research note issued on Thursday. The firm set a “hold” rating and a $10.00 price target on the transportation company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 15.14% from the company’s previous close.

Several other research analysts have also recently weighed in on VLRS. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Itau BBA Securities cut shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective on the stock. in a research report on Thursday, May 7th. Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group downgraded Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target on the stock. in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. cut their price target on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, June 12th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.87.

Controladora Vuela Compania de Aviacion Trading Up 0.2%

VLRS opened at $8.69 on Thursday. The firm’s fifty day moving average is $7.51 and its two-hundred day moving average is $8.19. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.66 and a current ratio of 0.67. The firm has a market cap of $1.01 billion, a PE ratio of -8.12 and a beta of 1.77. Controladora Vuela Compania de Aviacion has a twelve month low of $4.15 and a twelve month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The firm had revenue of $770.00 million during the quarter, compared to analyst estimates of $44.60 million. Equities research analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.42 EPS for the current year.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total value of $377,000.00. Following the sale, the director owned 2,946,050 shares of the company’s stock, valued at approximately $22,213,217. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VLRS. Empowered Funds LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $1,103,000. Bank of America Corp DE increased its holdings in shares of Controladora Vuela Compania de Aviacion by 55.4% during the 1st quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock worth $4,264,000 after acquiring an additional 209,978 shares during the last quarter. Royal Bank of Canada raised its stake in Controladora Vuela Compania de Aviacion by 6,204.9% in the 1st quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 7,632 shares during the period. Cetera Investment Advisers bought a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter valued at $258,000. Finally, Dorsey Wright & Associates acquired a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter valued at $1,840,000. 53.32% of the stock is currently owned by institutional investors.

About Controladora Vuela Compania de Aviacion

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.