UBS Group Issues Positive Forecast for Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price target increased by equities research analysts at UBS Group from $9.00 to $11.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective suggests a potential upside of 31.19% from the stock’s previous close.

A number of other analysts have also recently commented on VLRS. The Goldman Sachs Group cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.60 price target for the company. in a research report on Monday, April 13th. JPMorgan Chase & Co. cut their price objective on Controladora Vuela Compania de Aviacion from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, June 12th. Barclays reduced their price objective on Controladora Vuela Compania de Aviacion from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Itau BBA Securities downgraded Controladora Vuela Compania de Aviacion from a “market perform” rating to an “underperform” rating and set a $7.40 target price for the company. in a report on Thursday, May 7th. Finally, Jefferies Financial Group began coverage on Controladora Vuela Compania de Aviacion in a research report on Thursday, June 18th. They issued a “hold” rating and a $10.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.41.

Controladora Vuela Compania de Aviacion Stock Performance

NYSE:VLRS traded up $0.09 during trading hours on Wednesday, hitting $8.38. 845,379 shares of the company were exchanged, compared to its average volume of 697,748. The company has a debt-to-equity ratio of 6.78, a current ratio of 0.64 and a quick ratio of 0.64. Controladora Vuela Compania de Aviacion has a 52-week low of $5.53 and a 52-week high of $10.80. The stock has a market capitalization of $977.69 million, a price-to-earnings ratio of -5.11 and a beta of 1.72. The company’s 50 day moving average price is $8.26 and its 200-day moving average price is $8.18.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings data on Wednesday, July 22nd. The transportation company reported ($1.11) EPS for the quarter, missing the consensus estimate of ($1.08) by ($0.03). The company had revenue of $859.00 million for the quarter, compared to analyst estimates of $854.70 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 93.91% and a negative net margin of 5.71%. As a group, research analysts forecast that Controladora Vuela Compania de Aviacion will post -2.19 earnings per share for the current year.

Insider Transactions at Controladora Vuela Compania de Aviacion

In related news, Director William Dean Donovan sold 50,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $7.54, for a total transaction of $377,000.00. Following the completion of the transaction, the director directly owned 2,946,050 shares in the company, valued at $22,213,217. The trade was a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 48.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock valued at $12,353,000 after buying an additional 565,250 shares during the period. Millennium Management LLC grew its holdings in Controladora Vuela Compania de Aviacion by 126.5% during the fourth quarter. Millennium Management LLC now owns 990,495 shares of the transportation company’s stock worth $8,796,000 after acquiring an additional 553,251 shares during the period. Jump Financial LLC purchased a new position in Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $1,611,000. Walleye Capital LLC lifted its holdings in Controladora Vuela Compania de Aviacion by 100.6% in the fourth quarter. Walleye Capital LLC now owns 527,323 shares of the transportation company’s stock valued at $4,683,000 after acquiring an additional 264,446 shares during the period. Finally, Dorsey Wright & Associates purchased a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter worth approximately $1,840,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.