The Goldman Sachs Group Lowers Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $8.60

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) had its target price decreased by The Goldman Sachs Group from $9.60 to $8.60 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. The Goldman Sachs Group's price target points to a potential upside of 92.39% from the company's current price.

VLRS has been the topic of several other research reports. Barclays cut shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $12.00 to $4.50 in a research note on Tuesday, April 29th. TD Cowen decreased their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Citigroup cut 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 report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.44.

Controladora Vuela Compañía de Aviación Stock Down 4.1%

Shares of VLRS stock traded down $0.19 during trading hours on Tuesday, hitting $4.47. 634,878 shares of the company's stock traded hands, compared to its average volume of 887,494. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The stock's fifty day simple moving average is $4.44 and its two-hundred day simple moving average is $6.33. Controladora Vuela Compañía de Aviación has a 12-month low of $3.49 and a 12-month high of $9.00. The stock has a market cap of $521.19 million, a price-to-earnings ratio of 2.69 and a beta of 2.15.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its 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. The firm had revenue of $678.00 million for the quarter, compared to analysts' expectations of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. On average, analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $79,000. Prudential Financial Inc. acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $79,000. Segall Bryant & Hamill LLC purchased a new position in Controladora Vuela Compañía de Aviación in the fourth quarter worth approximately $272,000. JPMorgan Chase & Co. increased 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 worth $1,693,000 after purchasing an additional 159,900 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Controladora Vuela Compañía de Aviación by 53.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 152,534 shares of the transportation company's stock valued at $1,135,000 after acquiring an additional 53,267 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company's stock.

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.