Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Receives Average Recommendation of “Hold” from Analysts

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) has received an average rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.70.

Several brokerages recently issued reports on VLRS. Zacks Investment Research cut Controladora Vuela Co Avcn SA CV from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet cut Controladora Vuela Co Avcn SA CV from a “c-” rating to a “d+” rating in a research report on Tuesday, April 28th. Capital One Financial lowered Controladora Vuela Co Avcn SA CV to a “sell” rating in a research report on Tuesday, March 17th. Deutsche Bank lowered Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating and dropped their target price for the stock from $18.00 to $5.50 in a research report on Tuesday, March 17th. Finally, Goldman Sachs Group cut Controladora Vuela Co Avcn SA CV from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 8th.

A number of large investors have recently modified their holdings of the stock. UBS Group AG boosted its position in shares of Controladora Vuela Co Avcn SA CV by 29.8% in the 4th quarter. UBS Group AG now owns 4,134 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 948 shares during the period. Raymond James & Associates boosted its holdings in shares of Controladora Vuela Co Avcn SA CV by 7.6% in the fourth quarter. Raymond James & Associates now owns 17,488 shares of the transportation company’s stock worth $182,000 after buying an additional 1,237 shares during the period. Eagle Asset Management Inc. increased its position in shares of Controladora Vuela Co Avcn SA CV by 6.5% in the fourth quarter. Eagle Asset Management Inc. now owns 25,714 shares of the transportation company’s stock worth $267,000 after acquiring an additional 1,571 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Controladora Vuela Co Avcn SA CV by 18.4% during the fourth quarter. Sei Investments Co. now owns 13,500 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 2,100 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Controladora Vuela Co Avcn SA CV by 9.9% during the first quarter. Deutsche Bank AG now owns 63,123 shares of the transportation company’s stock valued at $217,000 after acquiring an additional 5,667 shares during the period.

NYSE:VLRS traded down $0.21 during trading hours on Friday, hitting $5.16. The stock had a trading volume of 574,128 shares, compared to its average volume of 723,060. The company has a market cap of $543.37 million, a PE ratio of 4.97 and a beta of 2.29. The business has a 50 day simple moving average of $5.13 and a two-hundred day simple moving average of $7.76. Controladora Vuela Co Avcn SA CV has a 1-year low of $2.94 and a 1-year high of $13.45. The company has a current ratio of 0.61, a quick ratio of 0.60 and a debt-to-equity ratio of 7.00.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its quarterly earnings results on Thursday, April 23rd. The transportation company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $333.00 million during the quarter. Controladora Vuela Co Avcn SA CV had a net margin of 2.60% and a return on equity of 82.24%. Research analysts expect that Controladora Vuela Co Avcn SA CV will post -1.95 EPS for the current fiscal year.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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Analyst Recommendations for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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