Zacks Investment Research upgraded shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) from a strong sell rating to a hold rating in a research note issued to investors on Thursday, October 5th.

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. “

Several other brokerages have also issued reports on VLRS. Imperial Capital began coverage on shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research report on Thursday, June 29th. They set an outperform rating and a $18.00 target price for the company. BidaskClub lowered shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a buy rating to a hold rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. currently 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. (VLRS) traded down 1.13% on Thursday, hitting $11.33. 437,120 shares of the stock were exchanged. The company has a 50-day moving average of $12.13 and a 200-day moving average of $13.44. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 188.83 and a beta of -0.01. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 12 month low of $11.27 and a 12 month high of $20.03.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last announced its quarterly earnings results on Friday, July 21st. The transportation company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.21). The company had revenue of $334.00 million during the quarter, compared to the consensus estimate of $316.00 million. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a negative return on equity of 0.39% and a negative net margin of 0.15%. On average, equities analysts predict that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.40) EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Atria Investments LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 4.8% in the second quarter. Atria Investments LLC now owns 11,417 shares of the transportation company’s stock worth $166,000 after buying an additional 518 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter valued at $171,000. Marshall Wace North America L.P. purchased a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter valued at $195,000. MARSHALL WACE ASIA Ltd purchased a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter valued at $195,000. Finally, FNY Partners Fund LP purchased a new stake in Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter valued at $195,000.

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

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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