Controladora Vuela Compania de Aviacion (NYSE:VLRS) Upgraded at Wall Street Zen

Key Points

• Controladora Vuela Compania de Aviacion (NYSE:VLRS) received an upgrade from a "sell" to a "hold" rating from Wall Street Zen, signaling a positive change in sentiment among analysts.
• Several analysts have adjusted their price targets for VLRS, with UBS raising it to $8.00 and JPMorgan lowering it to $7.00, indicating a range of market perspectives on the stock's potential.
• The company reported quarterly earnings of ($0.54) EPS, beating expectations and reflecting improved revenue performance compared to the previous year.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

VLRS has been the subject of several other reports. Morgan Stanley lowered Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 target price for the company. in a research report on Tuesday, April 29th. UBS Group raised their target price on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. TD Cowen increased 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 note on Wednesday, July 23rd. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. cut their price target on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Controladora Vuela Compania de Aviacion presently has a consensus rating of "Moderate Buy" and an average price target of $7.94.

Controladora Vuela Compania de Aviacion Stock Down 1.9%

NYSE:VLRS traded down $0.1150 during trading hours on Friday, hitting $5.9650. 561,372 shares of the company traded hands, compared to its average volume of 701,064. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. The firm's 50-day simple moving average is $5.07 and its 200-day simple moving average is $5.30. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $9.00. The company has a market cap of $695.52 million, a PE ratio of -22.09 and a beta of 2.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported ($0.54) earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $664.01 million. During the same period last year, the business earned $0.09 EPS. Equities analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in Controladora Vuela Compania de Aviacion by 34.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after purchasing an additional 1,641 shares during the period. Inspire Investing LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter valued at about $55,000. QRG Capital Management Inc. bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter valued at about $105,000. ABC Arbitrage SA bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter valued at about $112,000. Finally, Inspire Advisors LLC boosted its position 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 valued at $122,000 after acquiring an additional 7,929 shares during the last quarter. Institutional investors own 53.32% of the company's stock.

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.