Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Average Rating of “Buy” by Brokerages

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have earned an average recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $12.88.

VLRS has been the subject of several analyst reports. Citigroup lowered their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target on the stock. Finally, UBS Group raised their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Controladora Vuela Compañía de Aviación by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock worth $48,000 after acquiring an additional 1,641 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth about $68,000. Prudential Financial Inc. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $79,000. Sei Investments Co. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter valued at about $79,000. Finally, Aigen Investment Management LP acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $92,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Up 2.3 %

Shares of VLRS opened at $5.67 on Friday. The business’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $7.33. The firm has a market capitalization of $660.53 million, a price-to-earnings ratio of 3.41 and a beta of 2.48. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.57. 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 posted its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.16). The firm had revenue of $835.00 million during the quarter, compared to the consensus estimate of $709.48 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. On average, analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

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.