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

Controladora Vuela Compañía de Aviación (NYSE:VLRS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities research analysts have also issued research reports about the company. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target on the stock. UBS Group upped their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has an average rating of “Moderate Buy” and a consensus target price of $13.14.

Controladora Vuela Compañía de Aviación Stock Down 1.0 %

Shares of NYSE VLRS opened at $6.34 on Wednesday. The company has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $7.29. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. The firm has a market cap of $738.65 million, a PE ratio of 3.82 and a beta of 2.45.

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

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $14,786,000. Mackenzie Financial Corp acquired a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at about $4,550,000. WCM Investment Management LLC boosted its position in shares of Controladora Vuela Compañía de Aviación by 13.3% during the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock worth $18,423,000 after purchasing an additional 291,252 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $2,106,000. Finally, JPMorgan Chase & Co. increased its position in Controladora Vuela Compañía de Aviación by 236.2% in the 4th quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company’s stock valued at $1,693,000 after buying an additional 159,900 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.