Controladora Vuela Compañía de Aviación (NYSE:VLRS) Hits New 1-Year Low – Here’s Why

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) reached a new 52-week low on Tuesday . The stock traded as low as $5.08 and last traded at $5.13, with a volume of 37492 shares changing hands. The stock had previously closed at $5.22.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VLRS. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target for the company. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citigroup cut their price target on shares of 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. Finally, UBS Group boosted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Controladora Vuela Compañía de Aviación Trading Down 0.2 %

The stock’s 50-day moving average price is $6.87 and its 200 day moving average price is $7.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a market capitalization of $610.97 million, a PE ratio of 3.16 and a beta of 2.17.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $835.00 million for the quarter, compared to analysts’ expectations of $709.48 million. On average, sell-side analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $4,550,000. Virtus Investment Advisers Inc. purchased a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $549,000. Man Group plc bought a new position in Controladora Vuela Compañía de Aviación in the fourth quarter worth approximately $623,000. BNP Paribas Financial Markets raised its stake in Controladora Vuela Compañía de Aviación by 51.2% in the fourth quarter. BNP Paribas Financial Markets now owns 127,394 shares of the transportation company’s stock worth $948,000 after buying an additional 43,142 shares in the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth $161,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

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.