Controladora Vuela Compañía de Aviación (NYSE:VLRS) Rating Reiterated by Barclays

Controladora Vuela Compañía de Aviación (NYSE:VLRS)‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a report released on Thursday, Benzinga reports. They presently have a $12.00 price objective on the transportation company’s stock. Barclays‘s price target points to a potential upside of 68.90% from the stock’s previous close.

Several other research analysts have also commented on the company. TD Cowen lifted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $13.02.

Controladora Vuela Compañía de Aviación Trading Up 0.6 %

Shares of VLRS stock opened at $7.11 on Thursday. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.67. The firm has a market capitalization of $828.43 million, a P/E ratio of 7.32 and a beta of 2.46. The stock’s fifty day moving average is $6.28 and its two-hundred day moving average is $6.81. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $795.89 million. During the same period in the previous year, the firm posted ($0.33) EPS. Research analysts expect that Controladora Vuela Compañía de Aviación will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in shares of Controladora Vuela Compañía de Aviación by 45.5% in the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after buying an additional 1,372,624 shares during the period. Perpetual Ltd grew its position in Controladora Vuela Compañía de Aviación by 30.9% in the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after acquiring an additional 105,570 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Controladora Vuela Compañía de Aviación during the second quarter worth about $1,338,000. BNP Paribas Financial Markets lifted its position in shares of Controladora Vuela Compañía de Aviación by 43.1% during the first quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after purchasing an additional 18,433 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 40,955 shares during the period. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compañía de Aviación Company Profile

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.