Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sets New 12-Month Low – Here’s What Happened

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.38 and last traded at $4.33, with a volume of 111421 shares changing hands. The stock had previously closed at $4.53.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VLRS shares. UBS Group lifted their price target on 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 set an “outperform” rating and a $12.00 price target on the stock. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Citigroup reduced their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.88.

Controladora Vuela Compañía de Aviación Stock Performance

The stock has a 50-day moving average of $6.00 and a 200-day moving average of $7.12. 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 firm has a market cap of $514.90 million, a price-to-earnings ratio of 2.67 and a beta of 2.17.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The business had revenue of $835.00 million for the quarter, compared to analyst estimates of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. As a group, analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in Controladora Vuela Compañía de Aviación by 34.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares in the last quarter. R Squared Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $68,000. Prudential Financial Inc. purchased a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth about $79,000. Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at $79,000. Finally, MMA Asset Management LLC purchased a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $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.