Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Stock Rated “Hold” by Wall Street Brokerages

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.40.

VLRS has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of Controladora Vuela Compania de Aviacion from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Zacks Research lowered Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research note on Sunday, November 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Thursday, October 29th. Finally, The Goldman Sachs Group dropped their target price on Controladora Vuela Compania de Aviacion from $8.60 to $7.70 and set a “neutral” rating for the company in a report on Tuesday, August 11th.

Controladora Vuela Compania de Aviacion Trading Up 2.6%

NYSE VLRS opened at $8.60 on Wednesday. Controladora Vuela Compania de Aviacion has a twelve month low of $5.45 and a twelve month high of $10.80. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -4.48 and a beta of 1.94. The company has a debt-to-equity ratio of 10.31, a quick ratio of 0.66 and a current ratio of 0.67. The firm’s 50 day moving average price is $6.52 and its two-hundred day moving average price is $7.67.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Monday, October 26th. The transportation company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.19). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $982.29 million. Controladora Vuela Compania de Aviacion had a negative net margin of 6.20% and a negative return on equity of 151.52%. Equities analysts anticipate that Controladora Vuela Compania de Aviacion will post -2.40 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new position in Controladora Vuela Compania de Aviacion in the third quarter worth $163,000. Confluence Investment Management LLC increased its stake in shares of Controladora Vuela Compania de Aviacion by 5.6% in the third quarter. Confluence Investment Management LLC now owns 32,386 shares of the transportation company’s stock valued at $212,000 after buying an additional 1,710 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at $653,000. FNY Investment Advisers LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at about $187,000. Finally, GAMMA Investing LLC raised its holdings in shares of Controladora Vuela Compania de Aviacion by 238.7% in the second quarter. GAMMA Investing LLC now owns 3,265 shares of the transportation company’s stock valued at $31,000 after buying an additional 2,301 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañía de Aviación operates Volaris, an ultra-low-cost airline based in Mexico. The company provides scheduled passenger air transportation, along with related services such as seat selection and checked baggage. Volaris began flight operations in 2006 and serves destinations across Mexico, the United States and Central America. Its network focuses on point-to-point routes and low fares. The airline is led by Chief Executive Officer Enrique Beltranena, who has held the role since the company’s launch.