Citigroup Issues Pessimistic Forecast for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target trimmed by Citigroup from $13.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on VLRS. 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 target price on the stock. UBS Group increased their price objective on 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. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Controladora Vuela Compañía de Aviación Trading Up 5.7 %

NYSE:VLRS opened at $6.42 on Wednesday. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.57. 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 stock has a fifty day simple moving average of $7.85 and a 200-day simple moving average of $7.32. The company has a market capitalization of $747.98 million, a PE ratio of 3.86 and a beta of 2.48.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $709.48 million. On average, equities research analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in shares of Controladora Vuela Compañía de Aviación by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock worth $48,000 after acquiring an additional 1,641 shares during the last quarter. R Squared Ltd acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $68,000. Prudential Financial Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $79,000. Sei Investments Co. acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth $79,000. Finally, Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth $92,000. 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.