Wall Street Zen Upgrades Controladora Vuela Compania de Aviacion (NYSE:VLRS) to "Hold"

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 stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Other analysts also recently issued research reports about the stock. Barclays raised their price objective on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. Morgan Stanley cut Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 price objective on the stock. in a research note on Tuesday, April 29th. Finally, UBS Group boosted their price objective on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $7.94.

Controladora Vuela Compania de Aviacion Price Performance

Shares of NYSE VLRS traded down $0.1150 during trading on Friday, reaching $5.9950. The company had a trading volume of 154,621 shares, compared to its average volume of 1,002,200. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $9.00. The business's 50 day moving average price is $5.02 and its 200-day moving average price is $5.29. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69. The stock has a market cap of $699.01 million, a PE ratio of -22.21 and a beta of 2.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. The firm had revenue of $693.00 million for the quarter, compared to analysts' expectations of $664.01 million. During the same period in the previous year, the firm posted $0.09 EPS. Analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds have recently made changes to their positions in VLRS. Tower Research Capital LLC TRC grew its holdings in Controladora Vuela Compania de Aviacion by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after acquiring an additional 1,641 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Controladora Vuela Compania de Aviacion by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock valued at $373,000 after buying an additional 7,088 shares in the last quarter. American Century Companies Inc. boosted its holdings in Controladora Vuela Compania de Aviacion by 2.8% in the second 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. Inspire Advisors LLC increased its position in Controladora Vuela Compania de Aviacion by 44.7% in 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 period. Finally, Inspire Investing LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $55,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Company Profile

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.