Controladora Vuela Compañía de Aviación (NYSE:VLRS) Reaches New 12-Month Low – Time to Sell?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $4.38 and last traded at $4.33, with a volume of 111421 shares trading hands. The stock had previously closed at $4.53.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Itau BBA Securities assumed coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price target for the company. UBS Group lifted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Finally, Citigroup reduced their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Controladora Vuela Compañía de Aviación Price Performance

The firm has a market capitalization of $507.78 million, a PE ratio of 2.62 and a beta of 2.17. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The firm’s fifty day simple moving average is $5.86 and its 200-day simple moving average is $7.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.16). Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $835.00 million during the quarter, compared to analysts’ expectations of $709.48 million. On average, research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Controladora Vuela Compañía de Aviación by 34.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares during the last quarter. R Squared Ltd purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $68,000. Prudential Financial Inc. purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $79,000. Sei Investments Co. purchased a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $79,000. Finally, QRG Capital Management Inc. acquired a new position in Controladora Vuela Compañía de Aviación in the first quarter worth about $105,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.