Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Lowered to $10.50 at JPMorgan Chase & Co.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price target lowered by analysts at JPMorgan Chase & Co. from $11.00 to $10.50 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 50.21% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Bank of America increased their price objective on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research note on Monday, December 22nd. Finally, Barclays upped their target price on Controladora Vuela Compania de Aviacion from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Controladora Vuela Compania de Aviacion presently has a consensus rating of “Hold” and an average price target of $8.97.

Controladora Vuela Compania de Aviacion Trading Down 9.1%

Shares of VLRS stock traded down $0.70 during trading hours on Thursday, reaching $6.99. The company had a trading volume of 1,235,695 shares, compared to its average volume of 830,086. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $10.80. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.68. The business has a fifty day simple moving average of $9.23 and a 200-day simple moving average of $7.80.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Tuesday, February 24th. The transportation company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.21). The company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $845.68 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 38.03% and a negative net margin of 3.42%. Analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several hedge funds have recently made changes to their positions in the company. Inspire Advisors LLC grew its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after acquiring an additional 7,929 shares during the period. American Century Companies Inc. raised its stake in Controladora Vuela Compania de Aviacion by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after acquiring an additional 7,626 shares during the period. M&T Bank Corp purchased a new stake in Controladora Vuela Compania de Aviacion during the second quarter valued at about $704,000. Diametric Capital LP purchased a new stake in Controladora Vuela Compania de Aviacion during the second quarter valued at about $1,067,000. Finally, Jump Financial LLC bought a new position in Controladora Vuela Compania de Aviacion during the second quarter worth about $1,611,000. 53.32% of the stock is currently owned by institutional investors.

About Controladora Vuela Compania de Aviacion

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.