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 price objective reduced by research analysts at 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 would indicate a potential upside of 84.35% from the stock's previous close.

Several other research analysts have also recently issued reports on the company. Citigroup decreased their price target on 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. Barclays cut Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $12.00 to $4.50 in a report on Tuesday, April 29th. UBS Group dropped their price target on shares of Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. reduced their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Itau BBA Securities downgraded shares of Controladora Vuela Compañía de Aviación from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of "Moderate Buy" and a consensus target price of $7.44.

Controladora Vuela Compañía de Aviación Trading Down 3.8%

Controladora Vuela Compañía de Aviación stock traded down $0.19 during trading on Tuesday, hitting $4.67. The company's stock had a trading volume of 784,563 shares, compared to its average volume of 886,113. The stock's fifty day moving average is $4.45 and its 200 day moving average is $6.37. Controladora Vuela Compañía de Aviación has a 1-year low of $3.49 and a 1-year high of $9.00. The stock has a market capitalization of $543.93 million, a price-to-earnings ratio of 2.81 and a beta of 2.15. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings data 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 business had revenue of $678.00 million during the quarter, compared to the consensus estimate of $708.83 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. As a group, equities research analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MMA Asset Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth $112,000. Victory Capital Management Inc. lifted its stake in Controladora Vuela Compañía de Aviación by 146.0% in the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after acquiring an additional 109,776 shares in the last quarter. Aigen Investment Management LP lifted its stake in Controladora Vuela Compañía de Aviación by 123.6% in the 4th quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company's stock worth $243,000 after acquiring an additional 18,056 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter worth about $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $2,106,000. 53.32% of the stock is owned by hedge funds and other 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.