Analysts Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Price Target at $9.73

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have earned an average recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.7250.

VLRS has been the topic of a number of recent research reports. Weiss Ratings cut shares of Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a report on Friday, July 31st. Jefferies Financial Group initiated coverage on Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They set a “hold” rating and a $10.00 target price for the company. The Goldman Sachs Group dropped their price target on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. JPMorgan Chase & Co. cut their price target on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, June 12th. Finally, UBS Group boosted 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 report on Wednesday, August 5th.

Controladora Vuela Compania de Aviacion Stock Up 5.1%

Shares of NYSE:VLRS opened at $6.85 on Tuesday. The company’s fifty day moving average is $7.32 and its two-hundred day moving average is $7.58. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.64 and a current ratio of 0.64. Controladora Vuela Compania de Aviacion has a 1-year low of $5.79 and a 1-year high of $10.80. The stock has a market capitalization of $798.71 million, a price-to-earnings ratio of -4.18 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) EPS for the quarter, missing the consensus estimate of ($1.08) by ($0.03). Controladora Vuela Compania de Aviacion had a negative net margin of 5.71% and a negative return on equity of 93.91%. The business had revenue of $859.00 million during the quarter, compared to analyst estimates of $854.70 million. Equities analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.49 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Controladora Vuela Compania de Aviacion by 238.7% during the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after buying an additional 2,301 shares during the period. Fourth Sail Capital LP boosted its position in Controladora Vuela Compania de Aviacion by 0.4% during the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after acquiring an additional 3,277 shares during the period. Confluence Investment Management LLC boosted its position in Controladora Vuela Compania de Aviacion by 17.3% during the 2nd quarter. Confluence Investment Management LLC now owns 30,676 shares of the transportation company’s stock worth $287,000 after acquiring an additional 4,527 shares during the period. Royal Bank of Canada grew its stake in Controladora Vuela Compania de Aviacion by 6,204.9% during the 1st 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 in the last quarter. Finally, Savant Capital LLC grew its stake in Controladora Vuela Compania de Aviacion by 143.3% during the 4th quarter. Savant Capital LLC now owns 26,177 shares of the transportation company’s stock valued at $232,000 after acquiring an additional 15,416 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. is the holding company of Volaris, an ultra-low-cost airline based in Mexico. Founded in 2005, Volaris began commercial operations in 2006 and provides scheduled passenger air transportation, with additional revenue from ancillary offerings such as baggage, seat selection and other travel-related services.

Volaris serves a broad network of destinations in Mexico, the United States and Central America. Its operations connect major Mexican cities with U.S.