Controladora Vuela Compañía de Aviación (NYSE:VLRS) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Thursday, Zacks.com reports.
According to Zacks, "Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. "
Other equities research analysts have also recently issued research reports about the stock. Barclays raised their target price on shares of Controladora Vuela Compañía de Aviación from $14.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Controladora Vuela Compañía de Aviación from a "hold" rating to a "buy" rating in a research report on Monday. HSBC upgraded shares of Controladora Vuela Compañía de Aviación from a "hold" rating to a "buy" rating in a research report on Monday, January 25th. Finally, Citigroup lifted their price objective on shares of Controladora Vuela Compañía de Aviación from $13.25 to $15.75 in a research report on Tuesday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus price target of $15.69.
Shares of NYSE:VLRS opened at $15.48 on Thursday. Controladora Vuela Compañía de Aviación has a twelve month low of $2.94 and a twelve month high of $16.39. The stock has a market capitalization of $1.57 billion, a PE ratio of -9.56 and a beta of 2.66. The firm's 50 day moving average price is $12.41 and its 200-day moving average price is $9.91.
Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at $338,000. Canada Pension Plan Investment Board bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth $1,652,000. Newfoundland Capital Management bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth $564,000. Morgan Stanley lifted its position in shares of Controladora Vuela Compañía de Aviación by 7.4% during the fourth quarter. Morgan Stanley now owns 2,894,604 shares of the transportation company's stock worth $35,950,000 after purchasing an additional 200,620 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth $612,000.
Controladora Vuela Compañía de Aviación Company Profile
Controladora Vuela CompaÃ±Ãa de AviaciÃ³n, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2019, the company operated a fleet of 82 aircraft. It operates approximately 131 daily flights on routes that connect 40 cities in Mexico and 25 cities in the United States and Central America.
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