The stock of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) hit a new 52-week low and has $13.99 target or 3.00% below today’s $14.42 share price. The 7 months bearish chart indicates high risk for the $25.79 billion company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $13.99 price target is reached, the company will be worth $773.70 million 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. About 26,221 shares traded hands. Controladora Vuela Co Avcn SA CV (NYSE:VLRS) has declined 30.40% since April 28, 2016 and is downtrending. It has underperformed by 36.33% the S&P500.
Analysts await Controladora Vuela Co Avcn SA CV (NYSE:VLRS) to report earnings on February, 27. They expect $0.28 earnings per share, down 26.32% or $0.10 from last year’s $0.38 per share. VLRS’s profit will be $500.78 million for 12.88 P/E if the $0.28 EPS becomes a reality. After $0.51 actual earnings per share reported by Controladora Vuela Co Avcn SA CV for the previous quarter, Wall Street now forecasts -45.10% negative EPS growth.
Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Ratings Coverage
Out of 5 analysts covering Controladora Vuela Companía de Aviacion S.A.B. de C.V. (NYSE:VLRS), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Controladora Vuela Companía de Aviacion S.A.B. de C.V. has been the topic of 9 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, October 20 by Cowen & Co. Cowen & Co upgraded Controladora Vuela Co Avcn SA CV (NYSE:VLRS) rating on Friday, October 28. Cowen & Co has “Outperform” rating and $23 price target. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 19. Barclays Capital upgraded the shares of VLRS in a report on Thursday, October 13 to “Overweight” rating.
According to Zacks Investment Research, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico.”
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