Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Given Average Rating of "Moderate Buy" by Analysts

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.44.

VLRS has been the topic of several recent analyst reports. TD Cowen dropped their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group dropped their price objective on Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, May 15th. 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, The Goldman Sachs Group dropped their price objective on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating on the stock in a research note on Tuesday, June 10th.

Controladora Vuela Compania de Aviacion Trading Down 3.9%

VLRS stock traded down $0.18 during trading on Thursday, hitting $4.49. The company had a trading volume of 1,234,040 shares, compared to its average volume of 926,446. The business has a 50-day moving average of $4.55 and a 200-day moving average of $5.71. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $9.00. The stock has a market cap of $523.53 million, a PE ratio of 12.47 and a beta of 2.12. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 1.67.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10. The firm had revenue of $678.00 million for the quarter, compared to analysts' expectations of $708.83 million. Controladora Vuela Compania de Aviacion had a return on equity of 13.07% and a net margin of 1.38%. Research analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in shares of Controladora Vuela Compania de Aviacion by 5.9% during the 1st quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company's stock valued at $6,610,000 after acquiring an additional 71,163 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Controladora Vuela Compania de Aviacion by 322.5% during the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after acquiring an additional 977,249 shares during the last quarter. Ancient Art L.P. boosted its position in shares of Controladora Vuela Compania de Aviacion by 22.2% during the 1st quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock valued at $9,481,000 after acquiring an additional 329,496 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter valued at about $534,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter valued at about $2,056,000. Hedge funds and other institutional investors own 53.32% of the company's stock.

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.