Controladora Vuela Compania de Aviacion (NYSE:VLRS) Given New $10.00 Price Target at Barclays

Key Points

• Barclays cut its price target on Controladora Vuela (NYSE:VLRS) to $10.00 from $12.00 while maintaining an "overweight" rating, implying about a 38.43% upside from the current price at the time of the note.
• Analyst sentiment is mixed: the consensus rating is "Hold" with a consensus price target of $8.74, based on 6 Buys, 5 Holds and 1 Sell.
• The stock was trading near $7.22; the most recent quarter showed an EPS of $0.04 (missing estimates of $0.25) while revenue of $882M topped estimates, and the company still reports negative profitability metrics.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) had its price objective decreased by stock analysts at Barclays from $12.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Barclays's price target indicates a potential upside of 38.43% from the company's current price.

Several other research firms have also recently commented on VLRS. Weiss Ratings reissued a "sell (d)" rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Bank of America upped their price objective on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a "buy" rating in a report on Monday, December 22nd. JPMorgan Chase & Co. decreased their price objective on Controladora Vuela Compania de Aviacion from $11.00 to $10.50 and set a "neutral" rating on the stock in a research report on Thursday, March 12th. Finally, Zacks Research cut Controladora Vuela Compania de Aviacion from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $8.74.

Controladora Vuela Compania de Aviacion Price Performance

Shares of Controladora Vuela Compania de Aviacion stock traded down $0.01 during trading on Tuesday, reaching $7.22. The company's stock had a trading volume of 37,801 shares, compared to its average volume of 826,943. The stock has a 50-day moving average price of $8.89 and a two-hundred day moving average price of $7.86. The stock has a market capitalization of $842.32 million, a P/E ratio of -8.11 and a beta of 1.86. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.68. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $10.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.21). Controladora Vuela Compania de Aviacion had a negative return on equity of 38.03% and a negative net margin of 3.42%.The company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $845.68 million. As a group, sell-side analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. lifted its stake in shares of Controladora Vuela Compania de Aviacion by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company's stock valued at $1,337,000 after purchasing an additional 7,626 shares during the period. M&T Bank Corp acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth $704,000. Diametric Capital LP bought a new stake in Controladora Vuela Compania de Aviacion in the second quarter valued at about $1,067,000. Jump Financial LLC bought a new stake in Controladora Vuela Compania de Aviacion in the second quarter valued at about $1,611,000. Finally, Shay Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion in the second quarter valued at about $214,000. Institutional investors 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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