Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) Draws Bearish Attention After Forming Double Bottom

February 15, 2018 - By Lynda A. Deweese

The chart of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) shows a double bottom with $8.26 target or 4.00 % below today’s $8.61 share price. The 9 months chart pattern indicates high risk for the $899.28M company. It was reported on Feb, 15 by Finviz.com. If the $8.26 price target is reached, the company will be worth $35.97M less. Double bottoms are rare but powerful chart patterns.

The stock increased 3.18% or $0.265 during the last trading session, reaching $8.605. About 341,187 shares traded. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has declined 33.79% since February 15, 2017 and is downtrending. It has underperformed by 50.49% the S&P500.

Analysts await Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) to report earnings on February, 16. They expect $0.21 earnings per share, down 54.35 % or $0.25 from last year’s $0.46 per share. VLRS’s profit will be $21.95 million for 10.24 P/E if the $0.21 EPS becomes a reality. After $0.40 actual earnings per share reported by Controladora Vuela Compañía de Aviación, S.A.B. de C.V. for the previous quarter, Wall Street now forecasts -47.50 % negative EPS growth.

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

Among 8 analysts covering Controladora Vuela Companía de Aviacion S.A.B. de C.V. (NYSE:VLRS), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Controladora Vuela Companía de Aviacion S.A.B. de C.V. had 20 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Tuesday, October 20 with “Outperform”. The stock of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has “Buy” rating given on Monday, August 7 by Cowen & Co. The company was downgraded on Friday, April 21 by Deutsche Bank. As per Monday, January 8, the company rating was maintained by Cowen & Co. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, April 19 report. The firm has “Overweight” rating by Barclays Capital given on Thursday, October 13. The stock of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has “Buy” rating given on Monday, October 16 by Cowen & Co. Imperial Capital initiated the stock with “Outperform” rating in Thursday, June 29 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, February 21. As per Monday, September 11, the company rating was maintained by Cowen & Co.

More news for Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) were recently published by: Investorplace.com, which released: “Why Hawaiian Holdings, Inc. (HA) is a Must Add to Your Portfolio” on December 31, 2016. Investorplace.com‘s article titled: “Should You Buy United Continental Holdings Inc (UAL) Stock? 3 Pros, 3 Cons” and published on April 07, 2017 is yet another important article.

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