Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Given Average Recommendation of “Hold” by Brokerages

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.8556.

A number of research firms recently issued reports on VLRS. The Goldman Sachs Group lowered 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 report on Monday, April 13th. JPMorgan Chase & Co. decreased their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Finally, Barclays decreased their price target on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, April 30th.

Insider Transactions at Controladora Vuela Compania de Aviacion

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 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 completion of the sale, the director directly owned 3,046,050 shares of the company’s stock, valued at $22,327,546.50. The trade was a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in Controladora Vuela Compania de Aviacion by 55.4% during the 1st quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock worth $4,264,000 after buying an additional 209,978 shares during the last quarter. Royal Bank of Canada increased its position in shares of 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 worth $56,000 after purchasing an additional 7,632 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $1,103,000. Cetera Investment Advisers acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $258,000. Finally, Dorsey Wright & Associates acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $1,840,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Trading Down 2.9%

NYSE:VLRS opened at $6.17 on Wednesday. The firm has a market cap of $718.84 million, a PE ratio of -5.76 and a beta of 1.77. The stock has a fifty day moving average price of $7.33 and a 200 day moving average price of $8.05. Controladora Vuela Compania de Aviacion has a 12-month low of $4.15 and a 12-month high of $10.80. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90.

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