JPMorgan Chase & Co. Issues Pessimistic Forecast for Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $10.50 to $9.50 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.33% from the stock’s current price.

VLRS has been the topic of several other research reports. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 price objective on the stock. in a research note on Thursday, May 7th. The Goldman Sachs Group downgraded Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 target price on the stock. in a research report on Monday, April 13th. Barclays dropped their target price on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Zacks Research downgraded Controladora Vuela Compania de Aviacion from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.74.

Controladora Vuela Compania de Aviacion Stock Performance

Controladora Vuela Compania de Aviacion stock traded up $0.12 during trading on Friday, hitting $7.77. The stock had a trading volume of 121,383 shares, compared to its average volume of 705,385. Controladora Vuela Compania de Aviacion has a 1 year low of $4.15 and a 1 year high of $10.80. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.90. The stock’s 50 day moving average is $7.40 and its two-hundred day moving average is $8.15. The stock has a market cap of $905.52 million, a price-to-earnings ratio of -7.26 and a beta of 1.77.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings data on Monday, April 27th. The transportation company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.56). Controladora Vuela Compania de Aviacion had a negative net margin of 3.96% and a negative return on equity of 50.26%. The firm had revenue of $770.00 million during the quarter, compared to analysts’ expectations of $44.60 million. As a group, analysts predict that Controladora Vuela Compania de Aviacion will post -2.19 EPS for the current year.

Insider Buying and Selling at Controladora Vuela Compania de Aviacion

In other news, Director William Dean Donovan sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total value of $377,000.00. Following the transaction, the director owned 2,946,050 shares of the company’s stock, valued at approximately $22,213,217. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Controladora Vuela Compania de Aviacion by 55.4% in the first quarter. Bank of America Corp DE now owns 588,981 shares of the transportation company’s stock valued at $4,264,000 after acquiring an additional 209,978 shares during the last quarter. Royal Bank of Canada increased its stake in Controladora Vuela Compania de Aviacion by 6,204.9% in the first quarter. Royal Bank of Canada now owns 7,755 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 7,632 shares during the last quarter. Empowered Funds LLC bought a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at $1,103,000. Cetera Investment Advisers bought a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at $258,000. Finally, Dorsey Wright & Associates bought a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at $1,840,000. Institutional investors 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.