Does Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) Have Any Gas After Reaching 1 Year Low?

May 24, 2018 - By Rodney Autry

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Logo

The stock of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) hit a new 52-week low and has $5.04 target or 5.00 % below today’s $5.31 share price. The 6 months bearish chart indicates high risk for the $539.18 million company. The 1-year low was reported on May, 24 by Barchart.com. If the $5.04 price target is reached, the company will be worth $26.96M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.57% or $0.03 during the last trading session, reaching $5.31. About 656,021 shares traded. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has declined 39.60% since May 24, 2017 and is downtrending. It has underperformed by 51.15% the S&P500.

Analysts await Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) to report earnings on July, 20. They expect $-0.13 EPS, up 55.17 % or $0.16 from last year’s $-0.29 per share. After $-0.60 actual EPS reported by Controladora Vuela Compañía de Aviación, S.A.B. de C.V. for the previous quarter, Wall Street now forecasts -78.33 % EPS growth.

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Ratings Coverage

Among 6 analysts covering Volaris Aviation (NYSE:VLRS), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Volaris Aviation had 11 analyst reports since January 8, 2018 according to SRatingsIntel. As per Monday, April 23, the company rating was downgraded by Barclays Capital. As per Monday, May 7, the company rating was downgraded by UBS. Cowen & Co maintained the stock with “Buy” rating in Monday, January 8 report. The stock of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) earned “Hold” rating by Imperial Capital on Monday, April 23. The rating was maintained by Cowen & Co on Friday, February 23 with “Buy”. On Tuesday, February 20 the stock rating was upgraded by Citigroup to “Buy”. The firm has “Buy” rating given on Tuesday, April 24 by Morgan Stanley. The stock has “Buy” rating by UBS on Friday, February 16. Cowen & Co maintained the stock with “Buy” rating in Friday, April 20 report.

Another recent and important Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) news was published by Fool.com which published an article titled: “Volaris Stock Plunges Again: Is It Time to Bail Out?” on April 25, 2018.

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company has market cap of $539.18 million. As of December 31, 2016, the firm operated a fleet of 69 Airbus narrow-body aircraft, which include 15 Airbus A319s, 44 A320s, and 10 A321s. It currently has negative earnings. It operates approximately 302 daily flights on routes that connect 40 cities in Mexico and 22 cities in the United States and Central America.

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Ratings Chart

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