Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $7.00 Price Target at JPMorgan Chase & Co.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $13.00 to $7.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 74.78% from the stock's previous close.

A number of other research firms also recently issued reports on VLRS. Morgan Stanley downgraded shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price objective for the company. in a report on Tuesday, April 29th. Itau BBA Securities assumed coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an "outperform" rating and a $12.00 price objective for the company. Barclays cut Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $12.00 to $4.50 in a research report on Tuesday, April 29th. UBS Group increased their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Citigroup dropped 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 report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $8.41.

Controladora Vuela Compañía de Aviación Stock Performance

VLRS stock traded down $0.16 during trading hours on Tuesday, reaching $4.01. The stock had a trading volume of 249,719 shares, compared to its average volume of 807,348. The stock has a market capitalization of $466.97 million, a PE ratio of 2.42 and a beta of 2.06. The stock has a 50-day simple moving average of $5.10 and a 200 day simple moving average of $6.92. Controladora Vuela Compañía de Aviación has a fifty-two week low of $3.49 and a fifty-two week high of $9.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $678.00 million for the quarter, compared to analyst estimates of $708.83 million. Analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors have recently added to or reduced their stakes in VLRS. Sei Investments Co. bought a new position in Controladora Vuela Compañía de Aviación during the fourth quarter worth $79,000. Prudential Financial Inc. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $79,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $272,000. JPMorgan Chase & Co. lifted its position in shares of Controladora Vuela Compañía de Aviación by 236.2% during the 4th quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company's stock valued at $1,693,000 after acquiring an additional 159,900 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Controladora Vuela Compañía de Aviación by 378.1% during the fourth quarter. Russell Investments Group Ltd. now owns 62,062 shares of the transportation company's stock worth $461,000 after acquiring an additional 49,080 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.

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