Controladora Vuela Compania de Aviacion (NYSE:VLRS) Given New $9.00 Price Target at Barclays

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective trimmed by Barclays from $10.00 to $9.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other research firms 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 for the company. in a report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. JPMorgan Chase & Co. cut 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 report on Thursday, March 12th. Finally, Zacks Research cut Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Controladora Vuela Compania de Aviacion presently has an average rating of “Hold” and a consensus price target of $9.04.

Controladora Vuela Compania de Aviacion Price Performance

VLRS opened at $7.41 on Thursday. The stock has a 50-day moving average price of $7.60 and a 200-day moving average price of $8.01. Controladora Vuela Compania de Aviacion has a 12-month low of $3.54 and a 12-month high of $10.80. The company has a current ratio of 0.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $864.12 million, a P/E ratio of -6.93 and a beta of 1.92.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted 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 ($0.60) by ($0.02). Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%.The firm had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $44.61 million. Equities analysts predict that Controladora Vuela Compania de Aviacion will post -1.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $28,000. Savant Capital LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the 3rd quarter valued at about $77,000. R Squared Ltd purchased a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $100,000. Inspire Investing LLC boosted its holdings in Controladora Vuela Compania de Aviacion by 20.7% during the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 2,389 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter valued at about $137,000. 53.32% of the stock is currently owned by hedge funds and other 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.