Citigroup Issues Pessimistic Forecast for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target reduced by analysts at Citigroup from $13.00 to $11.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price suggests a potential upside of 75.61% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Itau BBA Securities assumed coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, UBS Group increased their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

Controladora Vuela Compañía de Aviación Trading Down 2.1 %

Shares of NYSE:VLRS opened at $6.26 on Wednesday. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.57. The company’s 50 day moving average is $7.82 and its two-hundred day moving average is $7.31. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The company has a market cap of $730.37 million, a PE ratio of 3.77 and a beta of 2.48.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $835.00 million during the quarter, compared to analysts’ expectations of $709.48 million. Equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of large investors have recently bought and sold shares of VLRS. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth $92,000. MQS Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth $108,000. BNP Paribas Financial Markets boosted its stake in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after purchasing an additional 51,580 shares during the period. Centiva Capital LP acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth $320,000. Finally, Quadrature Capital Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth $130,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

About Controladora Vuela Compañía de Aviación

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.