Weiss Ratings Reaffirms Sell (D) Rating for Controladora Vuela Compania de Aviacion (NYSE:VLRS)

Key Points

• Weiss Ratings has reaffirmed a "sell (D)" rating for Controladora Vuela Compania de Aviacion (NYSE:VLRS), indicating ongoing concerns about the stock's performance.
• Despite the "sell" rating from Weiss, several other analysts have issued optimistic price targets, with UBS and TD Cowen raising their price objectives to $8.00 and $7.00, respectively, both assigning "buy" ratings.
• The company's stock has experienced a 3.8% decline recently, trading at $6.95, with a significant market capitalization of approximately $809.79 million.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other equities research analysts have also recently issued reports on the company. UBS Group upped their price objective on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. TD Cowen boosted their price objective on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Finally, Citigroup cut Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price target on the stock. in a research report on Friday, August 22nd. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Controladora Vuela Compania de Aviacion presently has a consensus rating of "Hold" and an average target price of $8.22.

Controladora Vuela Compania de Aviacion Stock Down 3.8%

Shares of NYSE VLRS traded down $0.28 during midday trading on Friday, reaching $6.95. The company's stock had a trading volume of 562,295 shares, compared to its average volume of 881,382. The stock has a market capitalization of $809.79 million, a price-to-earnings ratio of -25.72 and a beta of 2.02. Controladora Vuela Compania de Aviacion has a fifty-two week low of $3.49 and a fifty-two week high of $9.00. The stock has a 50 day simple moving average of $6.51 and a 200-day simple moving average of $5.33. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.73.

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. The firm had revenue of $693.00 million for the quarter, compared to analysts' expectations of $664.01 million. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. During the same period in the previous year, the firm posted $0.09 EPS. Equities research analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several large investors have recently modified their holdings of VLRS. Ancient Art L.P. increased its stake in shares of Controladora Vuela Compania de Aviacion by 22.2% in 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 in the last quarter. AQR Capital Management LLC raised its holdings in shares of Controladora Vuela Compania de Aviacion by 322.5% during the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after purchasing an additional 977,249 shares during the period. 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 worth $6,610,000 after purchasing an additional 71,163 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $3,312,000. Finally, Banco BTG Pactual S.A. bought a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter valued at about $2,056,000. Institutional investors and hedge funds 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.

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