Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Down 3.4% - Time to Sell?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report)'s stock price was down 3.4% during trading on Monday . The stock traded as low as $4.54 and last traded at $4.54. Approximately 708,756 shares were traded during trading, a decline of 2% from the average daily volume of 719,606 shares. The stock had previously closed at $4.70.

Wall Street Analysts Forecast Growth

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

Controladora Vuela Compañía de Aviación Trading Down 3.9 %

The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The business's 50-day moving average price is $5.86 and its 200 day moving average price is $7.09. The company has a market cap of $507.78 million, a P/E ratio of 2.62 and a beta of 2.17.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share 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. As a group, analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 1st quarter worth about $105,000. ABS Direct Equity Fund LLC bought a new position in Controladora Vuela Compañía de Aviación in the 1st quarter valued at about $1,830,000. Mackenzie Financial Corp bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $4,550,000. Virtus Investment Advisers Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $549,000. Finally, Man Group plc acquired a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $623,000. 53.32% of the stock is owned by institutional investors.

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.