The Goldman Sachs Group Cuts Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target to $7.70

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price target lowered by The Goldman Sachs Group from $8.60 to $7.70 in a report issued on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

A number of other analysts have also recently commented on VLRS. Barclays dropped their price target 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. UBS Group lifted their price objective on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings downgraded Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 31st. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price on the stock. in a report on Thursday, May 7th. Finally, Jefferies Financial Group initiated coverage on Controladora Vuela Compania de Aviacion in a research note on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price on the stock. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.42.

Controladora Vuela Compania de Aviacion Trading Up 1.5%

Shares of NYSE VLRS opened at $8.00 on Tuesday. Controladora Vuela Compania de Aviacion has a 1 year low of $5.70 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 6.78, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a 50-day moving average of $8.31 and a 200 day moving average of $8.13. The stock has a market cap of $932.57 million, a P/E ratio of -4.88 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.03). Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%.The business had revenue of $859.00 million during the quarter, compared to analysts’ expectations of $854.70 million. As a group, sell-side analysts expect that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Controladora Vuela Compania de Aviacion news, Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the transaction, the director owned 2,946,050 shares in the company, valued at approximately $22,213,217. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at $28,000. GAMMA Investing LLC grew its holdings in shares of Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock worth $31,000 after acquiring an additional 2,301 shares during the period. Royal Bank of Canada increased its position in Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 7,632 shares during the last quarter. R Squared Ltd purchased a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at $100,000. Finally, Engineers Gate Manager LP bought a new position in Controladora Vuela Compania de Aviacion in the fourth quarter valued at about $137,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

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.