Controladora Vuela Co Avcn SA CV (VLRS) Rating Reiterated by Cowen

Cowen reissued their buy rating on shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) in a report issued on Tuesday morning. Cowen currently has a $11.00 price objective on the transportation company’s stock.

VLRS has been the topic of several other reports. Barclays set a $15.00 target price on Controladora Vuela Co Avcn SA CV and gave the stock a buy rating in a report on Wednesday, October 11th. Zacks Investment Research raised Controladora Vuela Co Avcn SA CV from a strong sell rating to a hold rating in a report on Thursday, October 5th. Finally, Santander cut Controladora Vuela Co Avcn SA CV from a buy rating to a hold rating in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $14.92.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) traded down $0.23 during trading hours on Tuesday, reaching $7.83. The company’s stock had a trading volume of 925,532 shares, compared to its average volume of 934,843. The company has a market capitalization of $712.27, a PE ratio of -87.00 and a beta of -0.11. Controladora Vuela Co Avcn SA CV has a twelve month low of $7.77 and a twelve month high of $16.00.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.12. Controladora Vuela Co Avcn SA CV had a negative return on equity of 2.76% and a negative net margin of 1.07%. The firm had revenue of $362.00 million for the quarter, compared to analysts’ expectations of $409.00 million. research analysts anticipate that Controladora Vuela Co Avcn SA CV will post -0.46 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Controladora Vuela Co Avcn SA CV in the third quarter worth about $154,000. Citadel Advisors LLC bought a new stake in shares of Controladora Vuela Co Avcn SA CV in the third quarter worth about $174,000. Royal Bank of Canada increased its holdings in shares of Controladora Vuela Co Avcn SA CV by 62.8% in the second quarter. Royal Bank of Canada now owns 14,472 shares of the transportation company’s stock worth $210,000 after purchasing an additional 5,580 shares during the last quarter. Dimension Capital Management LLC bought a new stake in shares of Controladora Vuela Co Avcn SA CV in the third quarter worth about $227,000. Finally, Adalta Capital Management LLC purchased a new position in Controladora Vuela Co Avcn SA CV in the second quarter worth about $251,000.

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About Controladora Vuela Co Avcn SA CV

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).

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

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