Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price Down 5.7% - What's Next?

Key Points

• Controladora Vuela Compania de Aviacion's stock price fell by 5.7%, closing at $6.81, with a trading volume that decreased by 23% compared to its average session.
• Various analysts raised their price targets on the stock, with Barclays and TD Cowen both setting new targets of $7.00, whereas Evercore ISI set a target of $12.00, indicating mixed sentiment around the stock.
• The company reported earnings per share of ($0.54), surpassing analyst expectations of ($0.75), with revenues of $693 million for the quarter showing positive performance.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) shares traded down 5.7% during mid-day trading on Friday . The company traded as low as $6.89 and last traded at $6.81. 683,452 shares changed hands during trading, a decline of 23% from the average session volume of 882,029 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Cowen raised their price target on Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Barclays raised their price target on Controladora Vuela Compania de Aviacion from $5.50 to $7.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 14th. Wall Street Zen raised Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Evercore ISI raised their price target on Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. raised their price target on Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.22.

Controladora Vuela Compania de Aviacion Stock Performance

The stock has a 50-day moving average of $6.51 and a 200-day moving average of $5.33. The firm has a market cap of $798.01 million, a price-to-earnings ratio of -25.35 and a beta of 2.02. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last announced its earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%.The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter last year, the firm earned $0.09 EPS. As a group, analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VLRS. Inspire Investing LLC bought a new position in Controladora Vuela Compania de Aviacion in the second quarter valued at approximately $55,000. ABC Arbitrage SA bought a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at approximately $112,000. Inspire Advisors LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company's stock worth $122,000 after acquiring an additional 7,929 shares during the period. Shay Capital LLC bought a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $214,000. Finally, Advisors Preferred LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 2,289.7% during the 1st quarter. Advisors Preferred LLC now owns 59,121 shares of the transportation company's stock worth $310,000 after acquiring an additional 56,647 shares during the period. 53.32% of the stock is currently owned by institutional investors.

About Controladora Vuela Compania de Aviacion

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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