Brokerages Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Target Price at $25.86

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.86.

A number of research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, July 7th. They issued a “buy” rating and a $27.00 price objective on the stock. Zacks Investment Research raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, July 20th. raised their price target on shares of Controladora Vuela Compañía de Aviación from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, July 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Controladora Vuela Compañía de Aviación from $19.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, July 15th. Finally, The Goldman Sachs Group raised their price target on shares of Controladora Vuela Compañía de Aviación from $24.40 to $27.70 and gave the company a “buy” rating in a research report on Friday, July 23rd.

NYSE:VLRS traded down $0.11 during trading hours on Monday, reaching $21.38. The company had a trading volume of 382,249 shares, compared to its average volume of 629,767. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.56. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -125.76 and a beta of 2.83. The business’s 50-day simple moving average is $20.67 and its two-hundred day simple moving average is $18.19. Controladora Vuela Compañía de Aviación has a twelve month low of $6.33 and a twelve month high of $23.58.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Wednesday, July 14th. The transportation company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.74. The business had revenue of $581.00 million during the quarter. Controladora Vuela Compañía de Aviación had a negative net margin of 0.66% and a positive return on equity of 161.46%. As a group, equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.11 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $31,000. FORA Capital LLC bought a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $76,000. Royal Bank of Canada bought a new stake in Controladora Vuela Compañía de Aviación during the first quarter valued at approximately $85,000. BlackRock Inc. bought a new stake in Controladora Vuela Compañía de Aviación during the first quarter valued at approximately $117,000. Finally, Diametric Capital LP bought a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $397,000. Institutional investors and hedge funds own 52.61% of the company’s stock.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación SAB de CV is a holding company, which engages in the provision of air transportation and related services. It also offers cargo services. The company was founded by Roberto Jose Kriete Avila and Carlos Mendoza Valencia on October 27, 2005 and is headquartered in Mexico City.

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Analyst Recommendations for Controladora Vuela Compañía de Aviación (NYSE:VLRS)

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