Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives $7.44 Consensus Price Target from Analysts

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $7.44.

A number of equities research analysts recently issued reports on VLRS shares. JPMorgan Chase & Co. lowered their price objective on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock 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. Barclays cut Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th. The Goldman Sachs Group lowered 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. Finally, TD Cowen lowered 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.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of NYSE:VLRS traded down $0.08 during midday trading on Friday, reaching $4.18. The company had a trading volume of 1,033,504 shares, compared to its average volume of 899,347. The company's 50 day moving average price is $4.38 and its 200 day moving average price is $6.16. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 1.67. The stock has a market cap of $486.81 million, a P/E ratio of 11.60 and a beta of 2.14. Controladora Vuela Compania de Aviacion has a 52-week low of $3.49 and a 52-week high of $9.00.

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

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently modified their holdings of VLRS. Tower Research Capital LLC TRC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after buying an additional 1,641 shares in the last quarter. Sei Investments Co. purchased a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $79,000. Prudential Financial Inc. purchased a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $79,000. QRG Capital Management Inc. purchased a new stake in Controladora Vuela Compania de Aviacion in the first quarter valued at approximately $105,000. Finally, MMA Asset Management LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $112,000. 53.32% of the stock is owned by hedge funds and other 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.