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

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have received a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.7250.

A number of equities analysts have recently issued reports on VLRS shares. JPMorgan Chase & Co. cut their price objective on shares of 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. Weiss Ratings cut Controladora Vuela Compania de Aviacion from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, July 31st. UBS Group boosted their price objective on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group decreased their price target on shares of Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group assumed coverage on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, June 18th. They set a “hold” rating and a $10.00 price objective on the stock.

Controladora Vuela Compania de Aviacion Stock Down 1.5%

Shares of NYSE:VLRS opened at $6.42 on Tuesday. Controladora Vuela Compania de Aviacion has a 1 year low of $5.79 and a 1 year high of $10.80. 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’s 50-day moving average is $7.52 and its 200-day moving average is $7.65. The company has a market capitalization of $749.15 million, a price-to-earnings ratio of -3.92 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings data 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 company had revenue of $859.00 million for the quarter, compared to analyst estimates 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%. Equities research analysts predict that Controladora Vuela Compania de Aviacion will post -2.49 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fourth Sail Capital LP grew its holdings in shares of Controladora Vuela Compania de Aviacion by 0.4% in the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock valued at $6,729,000 after acquiring an additional 3,277 shares in the last quarter. Bank of America Corp DE increased its position in shares of 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 valued at $4,264,000 after purchasing an additional 209,978 shares during the last quarter. UBS Group AG increased its position in shares of Controladora Vuela Compania de Aviacion by 108.5% during the 4th quarter. UBS Group AG now owns 432,989 shares of the transportation company’s stock valued at $3,845,000 after purchasing an additional 225,336 shares during the last quarter. Dorsey Wright & Associates bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth $1,840,000. Finally, Diversify Wealth Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth $1,279,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación, SAB. de C.V. is the holding company of Volaris, an ultra-low-cost airline based in Mexico. Founded in 2005, Volaris began commercial operations in 2006 and provides scheduled passenger air transportation, with additional revenue from ancillary offerings such as baggage, seat selection and other travel-related services.

Volaris serves a broad network of destinations in Mexico, the United States and Central America. Its operations connect major Mexican cities with U.S.