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

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $8.8556.

VLRS has been the subject of several recent analyst reports. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays dropped their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Monday, April 20th. JPMorgan Chase & Co. dropped their target price on shares of 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, Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price for the company. in a report on Thursday, May 7th.

Controladora Vuela Compania de Aviacion Stock Down 2.8%

VLRS stock opened at $7.34 on Wednesday. Controladora Vuela Compania de Aviacion has a one year low of $4.13 and a one year high of $10.80. The stock has a market capitalization of $855.49 million, a PE ratio of -6.86 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. The company has a fifty day moving average of $7.41 and a 200-day moving average of $8.05.

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 the consensus estimate of ($0.06) by ($0.56). 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 analyst estimates of $44.60 million. As a group, analysts expect that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dorsey Wright & Associates purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $1,840,000. Diversify Wealth Management LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $1,279,000. Personal CFO Solutions LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $221,000. AdvisorShares Investments LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $860,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $177,000. 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.