Controladora Vuela Compania de Aviacion (NYSE:VLRS) Downgraded to "Neutral" Rating by The Goldman Sachs Group

Key Points

• The Goldman Sachs Group downgraded Controladora Vuela (NYSE:VLRS) from a "buy" to a "neutral" rating and set a $7.60 price target, implying roughly a 1.9% downside from the current price.
• Analyst coverage is mixed—five buys, six holds and one sell—resulting in a consensus rating of Hold with an average target of $8.63; the company has a ~$903M market cap, reported $0.04 EPS last quarter, a negative net margin (-3.42%) and a 52‑week range of $3.49–$10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) was downgraded by equities research analysts at The Goldman Sachs Group from a "buy" rating to a "neutral" rating in a research note issued on Monday. They currently have a $7.60 price objective on the transportation company's stock. The Goldman Sachs Group's price target points to a potential downside of 1.86% from the company's current price.

Other analysts have also recently issued research reports about the stock. Bank of America upped their price objective on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a "buy" rating in a research note on Monday, December 22nd. Zacks Research cut shares of Controladora Vuela Compania de Aviacion from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Barclays dropped their price objective on shares of Controladora Vuela Compania de Aviacion from $12.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, March 24th. Weiss Ratings reissued a "sell (d)" rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a "neutral" rating for the company in a report on Thursday, March 12th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $8.63.

Controladora Vuela Compania de Aviacion Stock Up 0.3%

VLRS stock opened at $7.74 on Monday. The stock has a market capitalization of $902.95 million, a P/E ratio of -8.70 and a beta of 1.92. The firm has a 50-day simple moving average of $8.34 and a 200-day simple moving average of $7.95. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.68. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The transportation company reported $0.04 earnings per share (EPS) for the quarter. Controladora Vuela Compania de Aviacion had a negative net margin of 3.42% and a negative return on equity of 38.03%. The company had revenue of $882.00 million during the quarter. Equities analysts forecast that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Hedge funds and other institutional investors have recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter worth approximately $490,000. State of Wyoming acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter worth approximately $417,000. Janney Capital Management LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 74.8% in the 3rd quarter. Janney Capital Management LLC now owns 64,280 shares of the transportation company's stock worth $462,000 after acquiring an additional 27,504 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 20.7% in the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company's stock worth $100,000 after acquiring an additional 2,389 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter worth approximately $648,000. Institutional investors and hedge funds own 53.32% of the company's stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV NYSE: VLRS is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.

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