Controladora Vuela Compañía de Aviación (NYSE:VLRS) Downgraded by Morgan Stanley to Equal Weight

Morgan Stanley lowered shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS - Free Report) from an overweight rating to an equal weight rating in a research report report published on Tuesday morning, MarketBeat reports. The brokerage currently has $4.40 price objective on the transportation company's stock.

Several other research analysts also recently issued reports on VLRS. Citigroup cut 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 research report on Wednesday, March 5th. TD Cowen cut their target price 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. UBS Group boosted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.27.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS traded up $0.34 during trading hours on Tuesday, hitting $3.93. The company's stock had a trading volume of 3,569,992 shares, compared to its average volume of 798,118. Controladora Vuela Compañía de Aviación has a 52-week low of $3.49 and a 52-week high of $9.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The business's 50-day moving average is $5.14 and its two-hundred day moving average is $6.94. The company has a market capitalization of $458.58 million, a PE ratio of 2.37 and a beta of 2.06.

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 firm had revenue of $678.00 million for the quarter, compared to the consensus estimate of $708.83 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. As a group, research analysts anticipate 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 hedge funds have recently bought and sold shares of VLRS. WCM Investment Management LLC lifted its stake in shares of Controladora Vuela Compañía de Aviación by 13.3% in the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock worth $18,423,000 after acquiring an additional 291,252 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $14,786,000. Mackenzie Financial Corp acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth $4,550,000. ABS Direct Equity Fund LLC purchased a new position in Controladora Vuela Compañía de Aviación during the 1st quarter valued at 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 worth $2,346,000 after acquiring an additional 79,417 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.