Controladora Vuela Compania de Aviacion (NYSE:VLRS) Upgraded at Barclays

Controladora Vuela Compania de Aviacion (NYSE:VLRS) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Friday,Finviz reports. The brokerage currently has a $11.00 target price on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 23.87% from the company’s previous close.

VLRS has been the topic of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, October 8th. Evercore ISI boosted their target price on Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Citigroup cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Friday, August 22nd. Wall Street Zen upgraded Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.67.

Controladora Vuela Compania de Aviacion Trading Up 6.7%

Shares of Controladora Vuela Compania de Aviacion stock opened at $8.88 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. The company has a market capitalization of $1.04 billion, a P/E ratio of -16.44 and a beta of 1.95. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 year high of $9.00. The company’s fifty day moving average is $7.01 and its two-hundred day moving average is $6.07.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Monday, October 27th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%.The firm had revenue of $784.00 million for the quarter, compared to analysts’ expectations of $783.85 million. Analysts forecast that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Hedge funds and other institutional investors have recently modified their holdings of the company. Savant Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion in the 3rd quarter valued at $77,000. Inspire Investing LLC purchased a new position in Controladora Vuela Compania de Aviacion in the second quarter valued at about $55,000. Aquatic Capital Management LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion during the third quarter worth about $146,000. Inspire Advisors LLC boosted its position in shares of Controladora Vuela Compania de Aviacion by 44.7% in the second quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after buying an additional 7,929 shares during the period. Finally, MMA Asset Management LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter valued at about $215,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

About Controladora Vuela Compania de Aviacion

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.