Is Volaris Aviation (NYSE:VLRS) a Stock One Should Sell Following Today’s Imperial Capital Downgrade?

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

Volaris Aviation (NYSE:VLRS) Receives a Downgrade

In a report released on 29 November, Imperial Capital announced a downgrade to shares of Volaris Aviation (NYSE:VLRS) to a Sell rating. The firm has a $4.5000 TP on the stock.

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

Among 4 analysts covering Controladora Vuela (NYSE:VLRS), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. Controladora Vuela has $7 highest and $4.5 lowest target. $5.90’s average target is -7.52% below currents $6.38 stock price. Controladora Vuela had 4 analyst reports since July 12, 2018 according to SRatingsIntel. HSBC upgraded it to “Hold” rating and $6.21 target in Friday, November 30 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, July 12. The rating was downgraded by Imperial Capital on Thursday, November 29 to “Underperform”.

The stock increased 0.47% or $0.03 during the last trading session, reaching $6.38. About 341,458 shares traded. Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has declined 34.13% since December 2, 2017 and is downtrending. It has underperformed by 49.75% the S&P500.

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 $639.77 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.

More notable recent Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) news were published by: Benzinga.com which released: “Geopolitical Uncertainty, Competition For Volaris Airline Parent Controladora Vuela (NYSE:VLRS) Trigger Downgrade – Benzinga” on April 23, 2018, also Seekingalpha.com with their article: “Volaris Aviation’s (VLRS) CEO Enrique Beltranena on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” published on April 20, 2018, Fool.com published: “5 Airlines Are Competing to Grow in Mexico City – The Motley Fool” on January 29, 2017. More interesting news about Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) were released by: Fool.com and their article: “Volaris Stock Has Surged 39% Since February: Here’s Why It Could Keep Rising – The Motley Fool” published on July 16, 2017 as well as Fool.com‘s news article titled: “1 Struggling Company That Could Make a Big Comeback in 2018 – The Motley Fool” with publication date: January 20, 2018.

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

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