Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts collectively rate VLRS “Hold”, with nine firms split evenly: three Buy, three Hold, and three Sell recommendations. Their average 12-month price target is $9.40.
• Shares opened at $6.88, while recent price targets varied: Goldman Sachs cut its target to $7.70 and UBS raised its target to $11.00.
• The airline missed quarterly EPS expectations, reporting a loss of $0.23 per share versus the forecast loss of $0.04, though revenue of $1.04 billion exceeded estimates of $982.29 million.

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) have earned a consensus recommendation of "Hold" from the nine research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.40.

A number of research firms have recently weighed in on VLRS. Weiss Ratings reissued a "sell (e+)" rating on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, October 29th. Wall Street Zen raised Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a research note on Sunday. Zacks Research lowered Controladora Vuela Compania de Aviacion from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 15th. The Goldman Sachs Group dropped their price objective on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a "neutral" rating for the company in a research report on Tuesday, August 11th. Finally, UBS Group lifted their price objective on Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th.

Controladora Vuela Compania de Aviacion Trading Up 0.4%

Shares of Controladora Vuela Compania de Aviacion stock opened at $6.88 on Wednesday. The company has a debt-to-equity ratio of 10.31, a current ratio of 0.67 and a quick ratio of 0.66. Controladora Vuela Compania de Aviacion has a 1 year low of $5.45 and a 1 year high of $10.80. The company has a market capitalization of $801.62 million, a P/E ratio of -3.58 and a beta of 1.94. The business has a 50 day moving average price of $6.42 and a 200 day moving average price of $7.69.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last posted its earnings results on Monday, October 26th. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.19). The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $982.29 million. Controladora Vuela Compania de Aviacion had a negative net margin of 6.20% and a negative return on equity of 151.52%. Sell-side analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds have recently modified their holdings of VLRS. Empowered Funds LLC acquired a new position in Controladora Vuela Compania de Aviacion in the 1st quarter valued at $1,103,000. Diversify Wealth Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth $1,279,000. Dorsey Wright & Associates purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth $1,840,000. Bank of America Corp DE boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 55.4% during the first quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company's stock worth $4,264,000 after purchasing an additional 209,978 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter worth $470,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., operating under the Volaris brand, is a Mexican ultra-low-cost airline. The company provides scheduled passenger air transportation, along with ancillary services such as baggage, seat selection and other travel-related offerings.

Volaris began operations in 2006 and serves a broad network of destinations in Mexico, the United States, and Central America. Its business model emphasizes affordable base fares, high aircraft utilization and the separate sale of optional services.

Controladora Vuela is headquartered in Mexico City and is listed on the New York Stock Exchange under the symbol VLRS.

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