Controladora Vuela Compañía de Aviación (NYSE:VLRS) Hits New 1-Year Low - What's Next?

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.51 and last traded at $4.63, with a volume of 1308 shares. The stock had previously closed at $4.86.

Wall Street Analyst Weigh In

VLRS has been the subject of several research reports. Itau BBA Securities assumed coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They set an "outperform" rating and a $12.00 price objective for the company. UBS Group boosted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. StockNews.com lowered Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Citigroup lowered their target price 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.88.

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Controladora Vuela Compañía de Aviación Price Performance

The firm has a market cap of $544.05 million, a price-to-earnings ratio of 2.81 and a beta of 2.17. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock's fifty day moving average price is $6.20 and its 200-day moving average price is $7.16.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $709.48 million. As a group, equities 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 hedge funds and other institutional investors have recently modified their holdings of VLRS. Stifel Financial Corp boosted its stake in Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company's stock worth $241,000 after buying an additional 3,135 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company's stock worth $533,000 after purchasing an additional 51,580 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $272,000. Victory Capital Management Inc. raised its position in Controladora Vuela Compañía de Aviación by 146.0% in the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock valued at $1,376,000 after purchasing an additional 109,776 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $2,106,000. 53.32% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compañía de Aviación

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.