Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Raised to $11.00

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective boosted by UBS Group from $9.00 to $11.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

VLRS has been the subject of several other reports. Barclays cut their target price 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 note on Thursday, April 30th. JPMorgan Chase & Co. lowered 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 research report on Friday, June 12th. The Goldman Sachs Group lowered Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective on the stock. in a research note on Monday, April 13th. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective for the company. in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Controladora Vuela Compania de Aviacion has a consensus rating of “Hold” and a consensus price target of $9.41.

Controladora Vuela Compania de Aviacion Trading Up 1.7%

NYSE VLRS opened at $8.19 on Wednesday. The stock has a market capitalization of $954.37 million, a price-to-earnings ratio of -4.99 and a beta of 1.72. The stock’s 50 day moving average price is $8.29 and its two-hundred day moving average price is $8.17. 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 52 week low of $5.53 and a 52 week high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued 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). The business had revenue of $859.00 million for the quarter, compared to the consensus estimate of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. As a group, analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current fiscal year.

Insider Activity

In related news, Director William Dean Donovan sold 50,000 shares of Controladora Vuela Compania de Aviacion stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the completion of the sale, the director owned 2,946,050 shares of the company’s stock, valued at approximately $22,213,217. The trade was a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $28,000. GAMMA Investing LLC grew its position in shares of Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 2,301 shares during the last quarter. Royal Bank of Canada grew its position in shares of Controladora Vuela Compania de Aviacion by 6,204.9% in the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 7,632 shares during the last quarter. R Squared Ltd bought a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $100,000. Finally, Engineers Gate Manager LP bought a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $137,000. 53.32% of the stock is owned by institutional investors.

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.