Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Rating Lowered by Morgan Stanley

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) was downgraded by research analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. They presently have a $4.40 price objective on the transportation company's stock. Morgan Stanley's target price suggests a potential upside of 11.68% from the company's previous close.

VLRS has been the topic of a number of other research reports. 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 initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $12.00 price objective for the company. UBS Group upped their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, TD Cowen decreased their target price on Controladora Vuela Compañía de Aviación from $10.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of "Moderate Buy" and an average price target of $9.27.

Controladora Vuela Compañía de Aviación Stock Down 15.8 %

VLRS stock opened at $3.94 on Tuesday. The firm's fifty day simple moving average is $5.44 and its 200-day simple moving average is $7.03. The company has a market capitalization of $459.40 million, a P/E ratio of 2.37 and a beta of 2.17. 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 has a 12 month low of $3.88 and a 12 month high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, topping analysts' consensus estimates 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%. As a group, equities research analysts forecast that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Controladora Vuela Compañía de Aviación by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after acquiring an additional 1,641 shares in the last quarter. R Squared Ltd acquired a new position in Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $68,000. Prudential Financial Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at about $79,000. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at about $79,000. Finally, QRG Capital Management Inc. acquired a new position in Controladora Vuela Compañía de Aviación in the first quarter valued at about $105,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.

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