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 price objective reduced by equities research analysts at JPMorgan Chase & Co. from $15.00 to $13.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 177.19% from the stock's current price.

A number of other equities research analysts have also commented on the company. StockNews.com lowered Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Itau BBA Securities began coverage on Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an "outperform" rating and a $12.00 price objective on the stock. Citigroup dropped their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, UBS Group upped their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.43.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE:VLRS remained flat at $4.69 on Monday. The company's stock had a trading volume of 2,187,491 shares, compared to its average volume of 735,819. The stock has a market cap of $546.84 million, a PE ratio of 2.83 and a beta of 2.17. The company has a fifty day moving average of $5.52 and a 200-day moving average of $7.03. Controladora Vuela Compañía de Aviación has a 12 month low of $4.32 and a 12 month high of $9.00. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. On average, sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors have recently made changes to their positions in VLRS. Stifel Financial Corp lifted its position in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock worth $241,000 after acquiring an additional 3,135 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth approximately $79,000. Prudential Financial Inc. purchased a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $79,000. Segall Bryant & Hamill LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $272,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 146.0% during the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock valued at $1,376,000 after acquiring an additional 109,776 shares in the last quarter. 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.