TD Cowen Cuts Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $6.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective lowered by TD Cowen from $10.00 to $6.00 in a research report report published on Friday, MarketBeat.com reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. reduced their target price on Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Citigroup reduced their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. UBS Group raised their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.43.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS opened at $4.69 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The business’s fifty day moving average price is $5.52 and its two-hundred day moving average price is $7.04. Controladora Vuela Compañía de Aviación has a fifty-two week low of $4.32 and a fifty-two week high of $9.00. The stock has a market capitalization of $546.84 million, a price-to-earnings ratio of 2.83 and a beta of 2.17.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.16). The firm had revenue of $835.00 million during the quarter, compared to analyst estimates of $709.48 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. As a group, analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. bought a new position in Controladora Vuela Compañía de Aviación during the 1st quarter worth approximately $105,000. ABS Direct Equity Fund LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the first quarter worth $1,830,000. Mackenzie Financial Corp bought a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth $4,550,000. Virtus Investment Advisers Inc. acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $549,000. Finally, Man Group plc bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $623,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

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.