Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Average Rating of “Buy” from Analysts

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.85.

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays reiterated an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

Controladora Vuela Compañía de Aviación Trading Up 0.4 %

Shares of NYSE:VLRS opened at $7.43 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $866.32 million, a PE ratio of 4.48 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. The firm has a fifty day moving average price of $7.83 and a 200 day moving average price of $6.79.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) 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 company had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same quarter in the prior year, the company posted ($0.33) EPS. Analysts expect that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently bought and sold shares of VLRS. Stifel Financial Corp raised its position in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock valued at $241,000 after buying an additional 3,135 shares during the last quarter. Inspire Advisors LLC raised its holdings in Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 4,856 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after acquiring an additional 5,461 shares during the period. Insigneo Advisory Services LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $64,000. Finally, Aigen Investment Management LP bought a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $92,000. 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.