Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Target Price at $8.86

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $8.8556.

Several research analysts have commented on the company. Barclays lowered their target price on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Monday, April 20th. The Goldman Sachs Group downgraded Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 target price for the company. in a research note on Monday, April 13th. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reduced their price target on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th.

Controladora Vuela Compania de Aviacion Stock Up 0.2%

Shares of NYSE VLRS opened at $6.55 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. The company has a market cap of $763.15 million, a price-to-earnings ratio of -6.12 and a beta of 1.77. Controladora Vuela Compania de Aviacion has a 12 month low of $4.15 and a 12 month high of $10.80. The stock has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $8.05.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its earnings results on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The business had revenue of $770.00 million for the quarter, compared to analyst estimates of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. As a group, analysts forecast that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00. Following the sale, the director directly owned 3,046,050 shares in the company, valued at approximately $22,327,546.50. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently made changes to their positions in VLRS. Public Employees Retirement System of Ohio bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth about $28,000. Savant Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the third quarter worth about $77,000. R Squared Ltd bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth about $100,000. Engineers Gate Manager LP bought a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth about $137,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the third quarter worth about $146,000. 53.32% of the stock is currently owned by institutional investors.

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.