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

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $9.0222.

Several research analysts have commented on VLRS shares. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Barclays lifted their price objective on shares of Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Bank of America increased their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 price target (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 14th.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth approximately $28,000. Savant Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion in the 3rd quarter valued at approximately $77,000. R Squared Ltd purchased a new stake in Controladora Vuela Compania de Aviacion in the 4th quarter worth approximately $100,000. Inspire Investing LLC boosted its stake in shares of 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 buying an additional 2,389 shares during the period. Finally, Inspire Advisors LLC grew its holdings in shares of Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after acquiring an additional 7,929 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Price Performance

Shares of Controladora Vuela Compania de Aviacion stock opened at $8.93 on Friday. Controladora Vuela Compania de Aviacion has a 12-month low of $3.49 and a 12-month high of $10.80. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of 1.68. The stock’s fifty day moving average is $9.52 and its 200-day moving average is $7.68.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings results on Tuesday, February 24th. The transportation company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.21). The company had revenue of $882.00 million during the quarter, compared to analyst estimates of $845.68 million. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. Equities research analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

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.