Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) from a strong sell rating to a hold rating in a report issued on Thursday, October 5th.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

Several other brokerages have also issued reports on VLRS. Imperial Capital began coverage on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research report on Thursday, June 29th. They issued an outperform rating and a $18.00 price objective for the company. BidaskClub lowered Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a buy rating to a hold rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. presently has a consensus rating of Hold and a consensus target price of $15.92.

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE VLRS) opened at 10.88 on Thursday. The firm has a market capitalization of $1.10 billion, a PE ratio of 181.33 and a beta of -0.01. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12-month low of $10.67 and a 12-month high of $20.03. The company’s 50 day moving average is $12.11 and its 200 day moving average is $13.43.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last issued its quarterly earnings data on Friday, July 21st. The transportation company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.21). Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative net margin of 0.15% and a negative return on equity of 0.39%. The business had revenue of $334.00 million during the quarter, compared to analyst estimates of $316.00 million. On average, analysts forecast that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.40) earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the 1st quarter worth approximately $220,000. Citadel Advisors LLC acquired a new position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the 1st quarter worth approximately $171,000. Bank of America Corp DE boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 18.7% during the 1st quarter. Bank of America Corp DE now owns 485,580 shares of the transportation company’s stock worth $6,770,000 after acquiring an additional 76,461 shares during the last quarter. Wells Fargo & Company MN boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 2.9% during the 2nd quarter. Wells Fargo & Company MN now owns 605,288 shares of the transportation company’s stock worth $8,807,000 after acquiring an additional 16,893 shares during the last quarter. Finally, Atria Investments LLC boosted its position in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 4.8% during the 2nd quarter. Atria Investments LLC now owns 11,417 shares of the transportation company’s stock worth $166,000 after acquiring an additional 518 shares during the last quarter.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Company Profile

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

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Analyst Recommendations for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

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