Barclays Has Lowered Expectations for Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective reduced by research analysts at Barclays from $10.00 to $9.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential upside of 22.87% from the company’s current price.

A number of other analysts have also recently commented on VLRS. JPMorgan Chase & Co. reduced their price objective on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Thursday, March 12th. 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. The Goldman Sachs Group lowered shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective for the company. in a report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.04.

Controladora Vuela Compania de Aviacion Stock Up 3.2%

Shares of VLRS traded up $0.23 on Thursday, reaching $7.33. The stock had a trading volume of 197,603 shares, compared to its average volume of 764,567. The company has a 50-day simple moving average of $7.66 and a 200-day simple moving average of $8.01. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.72 and a current ratio of 0.73. The firm has a market capitalization of $854.08 million, a price-to-earnings ratio of -6.86 and a beta of 1.92. Controladora Vuela Compania de Aviacion has a 12-month low of $3.54 and a 12-month high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.58). The company had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $776.18 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 47.75% and a negative net margin of 3.96%. Sell-side analysts predict that Controladora Vuela Compania de Aviacion will post -1.31 EPS for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of large investors have recently modified their holdings of VLRS. HB Wealth Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the third quarter valued at $490,000. State of Wyoming purchased a new position in Controladora Vuela Compania de Aviacion during the third quarter valued at approximately $417,000. Personal CFO Solutions LLC bought a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter valued at $221,000. AdvisorShares Investments LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $860,000. Finally, Allegheny Financial Group bought a new stake in Controladora Vuela Compania de Aviacion during the first quarter valued at about $195,000. 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.