JPMorgan Chase & Co. Issues Pessimistic Forecast for Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price target cut by equities research analysts at JPMorgan Chase & Co. from $10.50 to $9.50 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.33% from the company’s current price.

A number of other brokerages have also recently issued reports on VLRS. The Goldman Sachs Group cut 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. Zacks Research cut Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Monday, April 20th. Barclays reduced their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, 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 on the stock. in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.74.

Controladora Vuela Compania de Aviacion Price Performance

VLRS traded up $0.12 during trading on Friday, reaching $7.77. The stock had a trading volume of 121,383 shares, compared to its average volume of 705,385. The stock has a market cap of $905.52 million, a PE ratio of -7.26 and a beta of 1.77. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.66 and a current ratio of 0.67. Controladora Vuela Compania de Aviacion has a one year low of $4.15 and a one year high of $10.80. The business has a 50-day moving average of $7.40 and a 200-day moving average of $8.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its earnings results on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The firm had revenue of $770.00 million during the quarter, compared to the consensus estimate of $44.60 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. As a group, equities research analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current fiscal year.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of the 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 directly owned 2,946,050 shares in the company, valued at approximately $22,213,217. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.51% of the company’s stock.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of institutional investors have recently modified their holdings of VLRS. American Century Companies Inc. boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 2.8% during the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock worth $1,337,000 after purchasing an additional 7,626 shares during the period. Jump Financial LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth about $1,611,000. Shay Capital LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth about $214,000. Savant Capital LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the third quarter worth about $77,000. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the third quarter worth about $323,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

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.