Controladora Vuela Compañía de Aviación (NYSE:VLRS) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a buy rating to a hold rating in a research report released on Wednesday.

Several other equities research analysts also recently weighed in on the company. Itau BBA Securities assumed coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, UBS Group upped their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.14.

Controladora Vuela Compañía de Aviación Stock Performance

Controladora Vuela Compañía de Aviación stock opened at $6.39 on Wednesday. The stock has a market cap of $745.06 million, a PE ratio of 3.85 and a beta of 2.45. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 12-month low of $5.15 and a 12-month high of $9.57. The business’s 50-day moving average price is $8.00 and its two-hundred day moving average price is $7.29.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $835.00 million for the quarter, compared to analyst estimates of $709.48 million. As a group, analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at approximately $92,000. MQS Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth $108,000. BNP Paribas Financial Markets increased its position in shares of Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after buying an additional 51,580 shares during the period. Centiva Capital LP bought a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $320,000. Finally, Quadrature Capital Ltd acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter valued at $130,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compañía de Aviación 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.