JPMorgan Chase & Co. Has Lowered Expectations for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target cut by research analysts at JPMorgan Chase & Co. from $13.00 to $7.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 70.32% from the stock’s current price.

Other analysts also recently issued research reports about the stock. UBS Group lifted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. TD Cowen cut their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Citigroup lowered their target price on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley lowered shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 price objective for the company. in a research note on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of “Moderate Buy” and an average target price of $8.41.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS opened at $4.11 on Tuesday. The company has a market capitalization of $479.22 million, a P/E ratio of 2.48 and a beta of 2.06. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 52 week low of $3.49 and a 52 week high of $9.00. The stock’s fifty day moving average is $5.00 and its two-hundred day moving average is $6.88.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $678.00 million for the quarter, compared to analysts’ expectations of $708.83 million. Equities analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Controladora Vuela Compañía de Aviación by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth about $68,000. Prudential Financial Inc. purchased a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $79,000. Sei Investments Co. acquired a new position in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $79,000. Finally, QRG Capital Management Inc. purchased a new position in Controladora Vuela Compañía de Aviación in the first quarter valued at approximately $105,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.