JPMorgan Chase & Co. Cuts Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target to $10.50

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective decreased by JPMorgan Chase & Co. from $11.00 to $10.50 in a research report sent to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

A number of other research analysts have also recently commented on the company. Bank of America upped their price objective on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a report on Monday, December 22nd. Barclays lifted their target price on Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.97.

Controladora Vuela Compania de Aviacion Trading Down 0.4%

Shares of VLRS stock opened at $6.98 on Thursday. The company’s 50-day moving average price is $9.15 and its 200-day moving average price is $7.81. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.73 and a quick ratio of 0.72. Controladora Vuela Compania de Aviacion has a twelve month low of $3.49 and a twelve month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Tuesday, February 24th. The transportation company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.21). The firm had revenue of $882.00 million for the quarter, compared to analyst estimates of $845.68 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 38.03% and a negative net margin of 3.42%. As a group, equities analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings in shares of Controladora Vuela Compania de Aviacion by 20.7% in the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after buying an additional 2,389 shares during the period. Inspire Advisors LLC grew its position in Controladora Vuela Compania de Aviacion by 10.1% in the 3rd quarter. Inspire Advisors LLC now owns 28,275 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 2,594 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $28,000. Fourth Sail Capital LP increased its stake in Controladora Vuela Compania de Aviacion by 0.4% during the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after purchasing an additional 3,277 shares during the period. Finally, State Street Corp lifted its position in shares of Controladora Vuela Compania de Aviacion by 4.7% during the fourth quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock worth $696,000 after purchasing an additional 3,533 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors and hedge funds.

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.