Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives Average Recommendation of “Hold” from Analysts

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has received an average rating of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.7444.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday. Itau BBA Securities cut shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price target on the stock. in a report on Thursday, May 7th. Barclays lowered 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 report on Thursday, April 30th. 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 on the stock. in a report on Monday, April 13th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th.

Insider Activity at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction on 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 directly owned 2,946,050 shares in the company, valued at $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 available at this link. 2.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently modified their holdings of VLRS. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 7,626 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $1,611,000. Shay Capital LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $214,000. Savant Capital LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter valued at $77,000. Finally, MMA Asset Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Trading Up 5.0%

NYSE VLRS opened at $8.04 on Friday. The firm’s 50 day moving average price is $7.41 and its two-hundred day moving average price is $8.15. 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 $4.15 and a twelve month high of $10.80. The stock has a market cap of $936.86 million, a price-to-earnings ratio of -7.51 and a beta of 1.77.

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 company had revenue of $770.00 million for the quarter, compared to analysts’ expectations of $44.60 million. Equities analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.19 EPS 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.