Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Gap Up After Earnings Beat

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s share price gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $8.02, but opened at $8.54. Controladora Vuela Compañía de Aviación shares last traded at $9.31, with a volume of 545,389 shares.

The transportation company reported $0.29 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $685.84 million.

Wall Street Analyst Weigh In

VLRS has been the topic of a number of research analyst reports. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group cut their price target on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a report on Friday, January 26th. TD Cowen decreased their price objective on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upped their target price on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barclays lifted their price target on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $14.02.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $43,000. EverSource Wealth Advisors LLC lifted its stake in Controladora Vuela Compañía de Aviación by 174.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 3,324 shares in the last quarter. Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $83,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 14.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock worth $96,000 after acquiring an additional 1,759 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth $169,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Stock Performance

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 fifty day moving average price is $7.45 and its 200 day moving average price is $7.59. The company has a market cap of $762.02 million, a PE ratio of 8.95 and a beta of 2.55.

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.