Controladora Vuela Compañía de Aviación (NYSE:VLRS) Downgraded by StockNews.com to "Hold"

StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS - Free Report) from a buy rating to a hold rating in a report issued on Wednesday morning.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. raised their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They set an "outperform" rating and a $12.00 target price on the stock. Finally, UBS Group upped 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.14.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS traded up $0.14 on Wednesday, hitting $6.49. 597,827 shares of the company were exchanged, compared to its average volume of 597,096. The company's 50 day moving average price is $7.94 and its two-hundred day moving average price is $7.31. The firm has a market capitalization of $756.72 million, a price-to-earnings ratio of 3.91 and a beta of 2.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly 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 net margin of 5.99% and a return on equity of 71.50%. The firm had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. Research analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Controladora Vuela Compañía de Aviación by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after buying an additional 1,641 shares in the last quarter. R Squared Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter valued at $68,000. Prudential Financial Inc. bought a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $79,000. Sei Investments Co. bought a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $79,000. Finally, Aigen Investment Management LP acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter worth $92,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

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.