Volaris (VLRS) Receives Average Rating of “Hold” from Analysts

Volaris (NYSE:VLRS) has received an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.17.

A number of equities research analysts have weighed in on the stock. Imperial Capital reissued an “outperform” rating and issued a $12.00 price target (down from $16.00) on shares of Volaris in a report on Wednesday, January 17th. Santander downgraded shares of Volaris from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Barclays cut their price target on shares of Volaris from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 11th. Cowen reissued a “buy” rating and issued a $11.00 price target on shares of Volaris in a report on Tuesday, January 9th. Finally, Zacks Investment Research reissued a “sell” rating on shares of Volaris in a report on Saturday, January 6th.

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VLRS traded up $0.07 on Thursday, reaching $8.90. The company had a trading volume of 307,374 shares, compared to its average volume of 636,489. Volaris has a one year low of $7.50 and a one year high of $16.00.

Volaris (NYSE:VLRS) last announced its earnings results on Wednesday, February 21st. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.06. Volaris had a negative net margin of 2.48% and a negative return on equity of 6.63%. The firm had revenue of $336.00 million during the quarter, compared to analyst estimates of $353.00 million. equities research analysts expect that Volaris will post 0.45 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of VLRS. Citadel Advisors LLC purchased a new stake in Volaris during the third quarter valued at about $174,000. Wells Fargo & Company MN increased its holdings in shares of Volaris by 9.8% in the 3rd quarter. Wells Fargo & Company MN now owns 664,517 shares of the transportation company’s stock valued at $7,887,000 after purchasing an additional 59,229 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Volaris by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 204,861 shares of the transportation company’s stock valued at $2,432,000 after purchasing an additional 5,773 shares during the period. INCA Investments LLC increased its holdings in shares of Volaris by 22.3% in the 3rd quarter. INCA Investments LLC now owns 6,059,265 shares of the transportation company’s stock valued at $71,923,000 after purchasing an additional 1,103,414 shares during the period. Finally, Adalta Capital Management LLC increased its holdings in shares of Volaris by 202.3% in the 3rd quarter. Adalta Capital Management LLC now owns 52,210 shares of the transportation company’s stock valued at $620,000 after purchasing an additional 34,937 shares during the period.

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Volaris Company Profile

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, 2016, the company operated a fleet of 69 Airbus narrow-body aircraft, which include 15 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 302 daily flights on routes that connect 40 cities in Mexico and 22 cities in the United States and Central America.

Analyst Recommendations for Volaris (NYSE:VLRS)

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