Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $8.41.

Several analysts have recently issued reports on VLRS shares. JPMorgan Chase & Co. reduced their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $7.00 and set an "overweight" rating on the stock in a research note on Tuesday. Barclays downgraded Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $12.00 to $4.50 in a report on Tuesday, April 29th. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. TD Cowen cut their price target 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, April 25th. Finally, Morgan Stanley cut shares of Controladora Vuela Compañía de Aviación from an "overweight" rating to an "equal weight" rating and set a $4.40 price target for the company. in a research note on Tuesday, April 29th.

Controladora Vuela Compañía de Aviación Trading Down 1.0 %

VLRS traded down $0.04 on Friday, hitting $4.04. The company had a trading volume of 404,092 shares, compared to its average volume of 817,011. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The firm has a market cap of $471.06 million, a P/E ratio of 2.43 and a beta of 2.06. The company's fifty day moving average price is $5.00 and its 200 day moving average price is $6.88. Controladora Vuela Compañía de Aviación has a 1 year low of $3.49 and a 1 year high of $9.00.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.54) by $0.10. The business had revenue of $678.00 million during 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%. As a group, equities analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently added to or reduced their stakes in VLRS. WCM Investment Management LLC increased its position in shares of Controladora Vuela Compañía de Aviación by 13.3% during the fourth 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 last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth $14,786,000. Mackenzie Financial Corp acquired a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at $4,550,000. ABS Direct Equity Fund LLC bought a new position in Controladora Vuela Compañía de Aviación during the 1st quarter valued at $1,830,000. Finally, Renaissance Group LLC grew its holdings in Controladora Vuela Compañía de Aviación by 33.7% during the 4th 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. Institutional investors and hedge funds 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.