Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Rating of “Hold” from Analysts

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.87.

VLRS has been the topic of a number of recent analyst reports. 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 price target on the stock. in a report on Thursday, May 7th. JPMorgan Chase & Co. decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating for the company in a report on Friday, June 12th. The Goldman Sachs Group downgraded shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price objective on the stock. in a research report on Monday, April 13th. Barclays cut 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 research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Monday, April 20th.

Insider Buying and Selling

In other news, Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $7.54, for a total value of $377,000.00. Following the completion of the sale, the director directly owned 2,946,050 shares in the company, valued at $22,213,217. This represents a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $28,000. Fourth Sail Capital LP boosted its stake in Controladora Vuela Compania de Aviacion by 0.4% in the 4th quarter. Fourth Sail Capital LP now owns 757,761 shares of the transportation company’s stock worth $6,729,000 after purchasing an additional 3,277 shares during the period. State Street Corp boosted its stake in Controladora Vuela Compania de Aviacion by 4.7% in the 4th quarter. State Street Corp now owns 78,433 shares of the transportation company’s stock worth $696,000 after purchasing an additional 3,533 shares during the period. Confluence Investment Management LLC grew its holdings in Controladora Vuela Compania de Aviacion by 17.3% during the 2nd quarter. Confluence Investment Management LLC now owns 30,676 shares of the transportation company’s stock valued at $287,000 after buying an additional 4,527 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Controladora Vuela Compania de Aviacion by 2.8% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Down 1.7%

Controladora Vuela Compania de Aviacion stock opened at $9.21 on Thursday. Controladora Vuela Compania de Aviacion has a 12 month low of $4.34 and a 12 month high of $10.80. The stock has a fifty day simple moving average of $7.81 and a two-hundred day simple moving average of $8.31. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.90. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -8.61 and a beta of 1.72.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Monday, April 27th. The transportation company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The business had revenue of $770.00 million for the quarter, compared to the consensus estimate of $44.60 million. Equities analysts predict that Controladora Vuela Compania de Aviacion will post -2.29 EPS for the current fiscal year.

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.