Barclays Lowers Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target to $10.00

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price target lowered by stock analysts at Barclays from $12.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would indicate a potential upside of 31.67% from the company’s previous close.

Several other research firms also recently weighed in on VLRS. Bank of America increased their price target on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Thursday, March 12th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Controladora Vuela Compania de Aviacion currently has an average rating of “Hold” and an average price target of $8.74.

Controladora Vuela Compania de Aviacion Trading Up 5.0%

Controladora Vuela Compania de Aviacion stock opened at $7.60 on Tuesday. Controladora Vuela Compania de Aviacion has a 52-week low of $3.49 and a 52-week high of $10.80. The company has a market cap of $885.58 million, a P/E ratio of -8.53 and a beta of 1.86. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.68. The business has a 50-day simple moving average of $8.82 and a two-hundred day simple moving average of $7.87.

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

Institutional Inflows and Outflows

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

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.