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

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $9.4222.

Several analysts have recently weighed in on the company. UBS Group lifted their target price on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group reduced their price target on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings lowered shares of 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 shares of 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 research note on Thursday, May 7th. Finally, Jefferies Financial Group started coverage on shares of Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They set a “hold” rating and a $10.00 target price on the stock.

Controladora Vuela Compania de Aviacion Stock Down 4.1%

Shares of NYSE:VLRS opened at $6.85 on Friday. 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 business has a 50 day simple moving average of $8.30 and a two-hundred day simple moving average of $8.05. Controladora Vuela Compania de Aviacion has a 1 year low of $5.70 and a 1 year high of $10.80. The firm has a market capitalization of $798.70 million, a PE ratio of -4.18 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Wednesday, July 22nd. The transportation company reported ($1.11) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $854.70 million. On average, equities analysts predict that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current year.

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 the firm’s stock in a transaction on Wednesday, May 27th. The stock was 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. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.51% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors have recently made changes to their positions in the company. Diversify Wealth Management LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the first quarter worth $1,279,000. UBS Group AG raised its position in shares of Controladora Vuela Compania de Aviacion by 108.5% in the 4th quarter. UBS Group AG now owns 432,989 shares of the transportation company’s stock worth $3,845,000 after acquiring an additional 225,336 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth $1,103,000. M&T Bank Corp bought a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter valued at about $1,219,000. Finally, Dorsey Wright & Associates purchased a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at about $1,840,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.