Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) from a hold rating to a sell rating in a research report sent to investors on Thursday, October 19th.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

A number of other research analysts also recently weighed in on the stock. Barclays PLC set a $15.00 target price on shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and gave the company a buy rating in a research report on Wednesday, October 11th. BidaskClub cut shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a sell rating to a strong sell rating in a research note on Saturday, September 2nd. Finally, Imperial Capital initiated coverage on shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research note on Thursday, June 29th. They set an outperform rating and a $18.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $15.92.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) opened at 10.66 on Thursday. The company’s 50-day moving average price is $11.68 and its 200-day moving average price is $13.23. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 177.67 and a beta of -0.01. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52-week low of $10.03 and a 52-week high of $19.74.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its earnings results on Wednesday, October 25th. The transportation company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.12. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative net margin of 1.07% and a negative return on equity of 2.76%. The firm had revenue of $362.00 million during the quarter, compared to the consensus estimate of $409.00 million. Analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.43) EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of VLRS. INCA Investments LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the 2nd quarter valued at $72,108,000. Ameriprise Financial Inc. raised its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 31.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,411,879 shares of the transportation company’s stock valued at $20,541,000 after buying an additional 336,399 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 129.5% during the 1st quarter. Wellington Management Group LLP now owns 371,859 shares of the transportation company’s stock valued at $5,184,000 after buying an additional 209,853 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 10.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 917,790 shares of the transportation company’s stock valued at $13,354,000 after buying an additional 87,977 shares in the last quarter. Finally, Renaissance Group LLC raised its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 8.5% during the 2nd quarter. Renaissance Group LLC now owns 979,471 shares of the transportation company’s stock valued at $14,251,000 after buying an additional 76,949 shares in the last quarter.

About Controladora Vuela Compania de Aviacion, S.A.B. de C.V.

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

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Analyst Recommendations for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

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