The Goldman Sachs Group Has Lowered Expectations for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective trimmed by The Goldman Sachs Group from $9.60 to $8.60 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities research analysts also recently commented on the stock. UBS Group reduced their price target on shares of Controladora Vuela Compañía de Aviación from $12.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Barclays downgraded shares of Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $12.00 to $4.50 in a research report on Tuesday, April 29th. Citigroup reduced their price objective on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Itau BBA Securities cut Controladora Vuela Compañía de Aviación from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.44.

Controladora Vuela Compañía de Aviación Stock Down 2.5%

Shares of NYSE:VLRS opened at $4.87 on Tuesday. 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 company has a market cap of $567.25 million, a PE ratio of 2.93 and a beta of 2.15. Controladora Vuela Compañía de Aviación has a 52 week low of $3.49 and a 52 week high of $9.00. The firm has a 50 day simple moving average of $4.45 and a 200 day simple moving average of $6.37.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.10. The business had revenue of $678.00 million during the quarter, compared to the consensus estimate of $708.83 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. As a group, research analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in shares of Controladora Vuela Compañía de Aviación by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 1,641 shares in the last quarter. Sei Investments Co. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $79,000. Prudential Financial Inc. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $79,000. QRG Capital Management Inc. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 1st quarter valued at $105,000. Finally, MMA Asset Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $112,000. 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.