Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Down 5.6%

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s stock price traded down 5.6% during mid-day trading on Tuesday . The company traded as low as $5.89 and last traded at $5.92. 714,897 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 491,109 shares. The stock had previously closed at $6.27.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VLRS shares. JPMorgan Chase & Co. upped their price objective on Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Morgan Stanley initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Friday, May 24th. They set an “overweight” rating and a $12.00 price target on the stock. Barclays upped their target price on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, TD Cowen reduced their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $12.87.

Controladora Vuela Compañía de Aviación Stock Performance

The company has a market cap of $753.24 million, a PE ratio of 6.36 and a beta of 2.48. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.72 and a current ratio of 0.73. The firm’s 50 day moving average is $7.05 and its 200-day moving average is $7.53.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a return on equity of 54.46% and a net margin of 3.40%. The business had revenue of $768.00 million during the quarter, compared to analyst estimates of $685.84 million. On average, research analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently modified their holdings of VLRS. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at about $43,000. EverSource Wealth Advisors LLC increased its holdings in shares of Controladora Vuela Compañía de Aviación by 174.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock worth $49,000 after buying an additional 3,324 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $169,000. Confluence Investment Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 1st quarter valued at approximately $211,000. Finally, BNP Paribas Financial Markets lifted its holdings in Controladora Vuela Compañía de Aviación by 74.5% in the fourth quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock valued at $401,000 after acquiring an additional 18,247 shares during the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

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.