Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) PT at $8.87

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $8.87.

A number of equities analysts have recently commented on VLRS shares. JPMorgan Chase & Co. cut their target price on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, June 12th. The Goldman Sachs Group cut shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target for the company. in a research report on Monday, April 13th. Jefferies Financial Group began coverage on Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They issued a “hold” rating and a $10.00 price target for the company. Barclays cut their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Itau BBA Securities cut 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 note on Thursday, May 7th.

Insider Activity at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total transaction of $377,000.00. Following the transaction, the director directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.51% of the company’s stock.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Controladora Vuela Compania de Aviacion by 2.8% during the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock worth $1,337,000 after purchasing an additional 7,626 shares in the last quarter. Jump Financial LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 2nd quarter valued at $1,611,000. Shay Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 2nd quarter valued at $214,000. Arrowstreet Capital Limited Partnership increased its stake in Controladora Vuela Compania de Aviacion by 48.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after buying an additional 565,250 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in Controladora Vuela Compania de Aviacion by 127.4% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 58,177 shares of the transportation company’s stock worth $418,000 after buying an additional 32,596 shares during the period. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Down 6.8%

Shares of NYSE:VLRS opened at $8.46 on Thursday. The stock has a 50-day simple moving average of $7.96 and a 200-day simple moving average of $8.35. The stock has a market capitalization of $986.79 million, a P/E ratio of -7.91 and a beta of 1.72. Controladora Vuela Compania de Aviacion has a 1 year low of $4.34 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.66 and a current ratio of 0.67.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly 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). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The business had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $44.60 million. Equities analysts forecast that Controladora Vuela Compania de Aviacion will post -2.29 earnings per share for the current year.

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.