JPMorgan Chase & Co. Has Lowered Expectations for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $13.00 to $7.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 75.88% from the stock's current price.

Several other brokerages have also recently issued reports on VLRS. UBS Group raised their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Citigroup lowered their target price on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. TD Cowen dropped their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Morgan Stanley cut shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price target for the company. in a research report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.41.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS traded down $0.05 during midday trading on Tuesday, hitting $3.98. 1,796,811 shares of the company's stock were exchanged, compared to its average volume of 835,141. Controladora Vuela Compañía de Aviación has a 12-month low of $3.49 and a 12-month high of $9.00. The business's fifty day moving average price is $4.92 and its two-hundred day moving average price is $6.84. The company has a market cap of $464.06 million, a price-to-earnings ratio of 2.40 and a beta of 2.06. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $678.00 million for the quarter, compared to analysts' expectations of $708.83 million. As a group, research analysts forecast 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 hedge funds have recently bought and sold shares of the stock. WCM Investment Management LLC raised its holdings in Controladora Vuela Compañía de Aviación by 13.3% in the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock valued at $18,423,000 after buying an additional 291,252 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $14,786,000. Mackenzie Financial Corp acquired a new position in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $4,550,000. ABS Direct Equity Fund LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the first quarter worth about $1,830,000. Finally, Renaissance Group LLC raised its holdings in shares of Controladora Vuela Compañía de Aviación by 33.7% during the fourth quarter. Renaissance Group LLC now owns 315,278 shares of the transportation company's stock valued at $2,346,000 after buying an additional 79,417 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Company Profile

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.