Controladora Vuela Compania de Aviacion (NYSE:VLRS) Given New $7.70 Price Target at The Goldman Sachs Group

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective lowered by equities research analysts at The Goldman Sachs Group from $8.60 to $7.70 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 2.72% from the stock’s current price.

VLRS has been the topic of a number of other research reports. Barclays dropped their target price on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. UBS Group raised their price target on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings lowered Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their price objective on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating for the company in a research report on Friday, June 12th. Finally, Jefferies Financial Group assumed coverage on Controladora Vuela Compania de Aviacion in a research note on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Controladora Vuela Compania de Aviacion has an average rating of “Hold” and a consensus price target of $9.42.

Controladora Vuela Compania de Aviacion Stock Down 1.8%

NYSE:VLRS traded down $0.14 during trading hours on Tuesday, reaching $7.92. The company had a trading volume of 147,103 shares, compared to its average volume of 689,220. Controladora Vuela Compania de Aviacion has a twelve month low of $5.68 and a twelve month high of $10.80. The firm has a market cap of $922.89 million, a price-to-earnings ratio of -4.82 and a beta of 1.72. The business’s 50-day simple moving average is $8.30 and its two-hundred day simple moving average is $8.16. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 6.78.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $859.00 million during the quarter, compared to analyst estimates of $854.70 million. On average, equities analysts expect that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current year.

Insider Activity

In related news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction on Wednesday, May 27th. The shares were 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 in the company, valued at $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 SEC, which is available at this link.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at $28,000. GAMMA Investing LLC grew its position 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 valued at $31,000 after purchasing an additional 2,301 shares during the last quarter. Royal Bank of Canada increased its position in shares of Controladora Vuela Compania de Aviacion by 6,204.9% during the first 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 in the last quarter. R Squared Ltd purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at $100,000. Finally, Engineers Gate Manager LP bought a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $137,000. 53.32% of the stock is owned by hedge funds and other 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.