Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Lowered to $9.50 at JPMorgan Chase & Co.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective decreased by JPMorgan Chase & Co. from $10.50 to $9.50 in a research report released on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the transportation company’s stock.

Other research analysts have also issued reports about the company. Barclays cut their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group downgraded Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 target price for the company. in a research note on Monday, April 13th. Itau BBA Securities downgraded 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 research note on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Controladora Vuela Compania de Aviacion has an average rating of “Hold” and an average target price of $8.74.

Controladora Vuela Compania de Aviacion Price Performance

VLRS stock opened at $8.04 on Friday. Controladora Vuela Compania de Aviacion has a 52-week low of $4.15 and a 52-week high of $10.80. The stock’s fifty day simple moving average is $7.41 and its 200-day simple moving average is $8.15. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $936.88 million, a price-to-earnings ratio of -7.51 and a beta of 1.77.

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 the consensus estimate of ($0.06) by ($0.56). The business had revenue of $770.00 million for the quarter, compared to analyst estimates of $44.60 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 50.26% and a negative net margin of 3.96%. Equities research analysts expect that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current year.

Insider Activity at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director owned 2,946,050 shares in the company, valued at approximately $22,213,217. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.51% of the company’s stock.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds have recently made changes to their positions in VLRS. American Century Companies Inc. lifted its stake in shares of Controladora Vuela Compania de Aviacion by 2.8% in the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after buying an additional 7,626 shares during the period. Jump Financial LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at about $1,611,000. Shay Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at about $214,000. Savant Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at about $77,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Controladora Vuela Compania de Aviacion in the third quarter valued at about $323,000. Institutional investors own 53.32% of the company’s stock.

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.