JPMorgan Chase & Co. Reaffirms “Neutral” Rating for Controladora Vuela Compania de Aviacion (NYSE:VLRS)

Controladora Vuela Compania de Aviacion (NYSE:VLRS)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a $11.00 target price on the transportation company’s stock, up from their previous target price of $9.50. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.15% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Barclays raised shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $11.00 in a report on Friday, December 19th. Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Bank of America boosted their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Evercore ISI upped their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Controladora Vuela Compania de Aviacion presently has a consensus rating of “Hold” and an average price target of $9.22.

Controladora Vuela Compania de Aviacion Stock Down 0.5%

NYSE:VLRS traded down $0.05 during midday trading on Wednesday, reaching $9.16. 89,552 shares of the stock traded hands, compared to its average volume of 493,398. The stock has a market capitalization of $1.08 billion, a PE ratio of -16.95 and a beta of 1.89. Controladora Vuela Compania de Aviacion has a 12-month low of $3.49 and a 12-month high of $9.99. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. The business has a 50-day moving average of $7.88 and a two-hundred day moving average of $6.69.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings results on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%.The company had revenue of $784.00 million during the quarter, compared to analysts’ expectations of $783.85 million. On average, equities analysts forecast that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Controladora Vuela Compania de Aviacion by 48.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after acquiring an additional 565,250 shares during the last quarter. Millennium Management LLC purchased a new position in Controladora Vuela Compania de Aviacion during the 3rd quarter worth $3,139,000. Jump Financial LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth about $1,611,000. American Century Companies Inc. boosted its stake in shares of Controladora Vuela Compania de Aviacion by 2.8% during the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock worth $1,337,000 after buying an additional 7,626 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Controladora Vuela Compania de Aviacion by 144.6% in the 3rd quarter. Bank of America Corp DE now owns 261,982 shares of the transportation company’s stock valued at $1,881,000 after purchasing an additional 154,889 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.