Controladora Vuela Compania de Aviacion (NYSE:VLRS) Rating Lowered to Underperform at Itau BBA Securities

Controladora Vuela Compania de Aviacion (NYSE:VLRS) was downgraded by equities research analysts at Itau BBA Securities from a “market perform” rating to an “underperform” rating in a research note issued on Thursday, Marketbeat reports. They currently have a $7.40 price target on the transportation company’s stock. Itau BBA Securities’ target price would indicate a potential downside of 7.23% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. 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 for the company. in a research report on Monday, April 13th. JPMorgan Chase & Co. decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Barclays lowered their price objective on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Zacks Research downgraded shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.86.

Controladora Vuela Compania de Aviacion Trading Up 1.6%

Shares of Controladora Vuela Compania de Aviacion stock traded up $0.13 during mid-day trading on Thursday, hitting $7.98. The stock had a trading volume of 34,600 shares, compared to its average volume of 743,181. The firm has a market cap of $930.12 million, a P/E ratio of -7.47 and a beta of 1.77. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The firm has a 50-day moving average of $7.52 and a two-hundred day moving average of $8.03. Controladora Vuela Compania de Aviacion has a 12-month low of $3.90 and a 12-month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.56). The business 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 return on equity of 50.26% and a negative net margin of 3.96%. Sell-side analysts forecast that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth $28,000. Savant Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the 3rd quarter valued at about $77,000. R Squared Ltd purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $100,000. Engineers Gate Manager LP purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $137,000. Finally, Aquatic Capital Management LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion during the third quarter worth about $146,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Company Profile

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.