Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Given Consensus Rating of “Hold” by Brokerages

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.8556.

A number of research firms recently issued reports on VLRS. Itau BBA Securities cut shares of 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. 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 for the company in a research report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Finally, Barclays decreased 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.

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 on 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 $22,213,217. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth $28,000. Fourth Sail Capital LP increased its position in shares of Controladora Vuela Compania de Aviacion by 0.4% during the fourth quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after buying an additional 3,277 shares during the period. State Street Corp increased its position in shares of Controladora Vuela Compania de Aviacion by 4.7% during the fourth quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock worth $696,000 after buying an additional 3,533 shares during the period. American Century Companies Inc. increased its position 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 buying an additional 7,626 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Controladora Vuela Compania de Aviacion by 6,204.9% during the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock worth $56,000 after buying an additional 7,632 shares during the period. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Price Performance

VLRS stock opened at $7.35 on Friday. The company has a 50 day simple moving average of $7.38 and a 200 day simple moving average of $8.11. The stock has a market cap of $857.36 million, a price-to-earnings ratio of -6.87 and a beta of 1.77. Controladora Vuela Compania de Aviacion has a 1 year low of $4.15 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.67 and a quick ratio of 0.66.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The company had revenue of $770.00 million for the quarter, compared to analyst estimates 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%. Research analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current fiscal year.

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.