Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $12.00 Price Target at Barclays

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target boosted by Barclays from $9.00 to $12.00 in a research note released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Several other analysts have also commented on VLRS. The Goldman Sachs Group lowered their price objective on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a buy rating on the stock in a research report on Friday, January 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a buy rating in a research note on Tuesday. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a hold rating to a buy rating in a research note on Wednesday, February 28th. Finally, TD Cowen reduced their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an outperform rating for the company in a research note on Thursday, February 29th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $14.02.

Controladora Vuela Compañía de Aviación Stock Up 2.4 %

VLRS opened at $8.68 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.77 and a quick ratio of 0.76. The company’s 50-day moving average is $7.45 and its 200 day moving average is $7.59. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.52 and a fifty-two week high of $15.05. The firm has a market capitalization of $762.02 million, a P/E ratio of 8.95 and a beta of 2.55.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 61.54%. The company had revenue of $768.00 million for the quarter, compared to analyst estimates of $685.84 million. Research analysts expect that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors have recently made changes to their positions in the stock. ANTIPODES PARTNERS Ltd increased its holdings in shares of Controladora Vuela Compañía de Aviación by 2,264.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock worth $8,998,000 after buying an additional 918,776 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Controladora Vuela Compañía de Aviación by 51.4% in the 4th quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock valued at $15,971,000 after purchasing an additional 570,449 shares in the last quarter. CenterBook Partners LP boosted its stake in shares of Controladora Vuela Compañía de Aviación by 436.9% in the 3rd quarter. CenterBook Partners LP now owns 436,943 shares of the transportation company’s stock valued at $2,967,000 after purchasing an additional 355,555 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $214,000. Finally, Moneda S.A. Administradora General de Fondos boosted its stake in shares of Controladora Vuela Compañía de Aviación by 74.9% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock valued at $7,039,000 after purchasing an additional 444,082 shares in the last quarter. Institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compañía de Aviación

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.