Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives $8.87 Consensus Target Price from Analysts

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has received an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $8.87.

A number of equities analysts have weighed in on the stock. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price for the company. in a research note on Thursday, May 7th. Barclays decreased their price target on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. dropped 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. Jefferies Financial Group assumed coverage on Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They issued a “hold” rating and a $10.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of NYSE:VLRS opened at $9.10 on Thursday. The business has a fifty day moving average of $7.90 and a 200-day moving average of $8.34. 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 has a twelve month low of $4.34 and a twelve month high of $10.80. The firm has a market cap of $1.06 billion, a PE ratio of -8.60 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%.The company had revenue of $770.00 million for the quarter, compared to analyst estimates of $44.60 million. On average, equities research analysts predict that Controladora Vuela Compania de Aviacion will post -2.29 EPS for the current fiscal year.

Insider Buying and Selling

In other Controladora Vuela Compania de Aviacion news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction that occurred 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 transaction, the director 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of hedge funds and other institutional investors have recently made changes to their positions in VLRS. American Century Companies Inc. lifted its position in Controladora Vuela Compania de Aviacion by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after acquiring an additional 7,626 shares in the last quarter. Jump Financial LLC bought a new position in Controladora Vuela Compania de Aviacion during the 2nd quarter worth about $1,611,000. Shay Capital LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at about $214,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Controladora Vuela Compania de Aviacion by 48.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock valued at $12,353,000 after purchasing an additional 565,250 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 127.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 58,177 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 32,596 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors and hedge funds.

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.