Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Downgraded by ValuEngine to “Strong Sell”

ValuEngine downgraded shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) from a sell rating to a strong sell rating in a research note published on Thursday, ValuEngine reports.

VLRS has been the topic of a number of other reports. Imperial Capital reaffirmed an outperform rating and issued a $13.00 target price (up from $11.50) on shares of Controladora Vuela Co Avcn SA CV in a report on Friday, May 3rd. HSBC upgraded shares of Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating in a research note on Wednesday, April 3rd. UBS Group upgraded shares of Controladora Vuela Co Avcn SA CV from a neutral rating to a buy rating in a research note on Tuesday, June 18th. Zacks Investment Research upgraded shares of Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating and set a $11.00 price target on the stock in a research note on Friday, July 5th. Finally, Citigroup set a $12.00 price target on shares of Controladora Vuela Co Avcn SA CV and gave the company a buy rating in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Controladora Vuela Co Avcn SA CV currently has an average rating of Buy and a consensus price target of $10.55.

VLRS traded down $0.21 during trading on Thursday, hitting $9.24. The company had a trading volume of 201,816 shares, compared to its average volume of 289,430. The stock has a market capitalization of $994.67 million, a P/E ratio of -26.66 and a beta of 1.21. Controladora Vuela Co Avcn SA CV has a one year low of $5.15 and a one year high of $10.99. The stock has a 50-day moving average of $9.90. The company has a debt-to-equity ratio of 8.46, a current ratio of 0.71 and a quick ratio of 0.60.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.09. The firm had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $412.00 million. Controladora Vuela Co Avcn SA CV had a net margin of 3.32% and a return on equity of 15.86%. Equities research analysts predict that Controladora Vuela Co Avcn SA CV will post 0.9 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Northern Trust Corp purchased a new position in Controladora Vuela Co Avcn SA CV during the fourth quarter valued at approximately $654,000. Dimensional Fund Advisors LP raised its stake in Controladora Vuela Co Avcn SA CV by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 778,334 shares of the transportation company’s stock worth $4,165,000 after acquiring an additional 2,215 shares during the period. Millennium Management LLC raised its stake in Controladora Vuela Co Avcn SA CV by 124.0% during the 4th quarter. Millennium Management LLC now owns 272,013 shares of the transportation company’s stock worth $1,455,000 after acquiring an additional 150,559 shares during the period. Deutsche Bank AG raised its stake in Controladora Vuela Co Avcn SA CV by 56,950.0% during the 4th quarter. Deutsche Bank AG now owns 114,100 shares of the transportation company’s stock worth $610,000 after acquiring an additional 113,900 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Controladora Vuela Co Avcn SA CV during the 1st quarter worth approximately $29,000.

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.

See Also: What type of investment options does a Roth IRA provide?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Controladora Vuela Co Avcn SA CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Co Avcn SA CV and related companies with MarketBeat.com's FREE daily email newsletter.