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

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been assigned an average rating of “Buy” from the six ratings firms 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 brokers that have issued a report on the stock in the last year is $12.85.

VLRS has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays reiterated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, 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 research note on Tuesday, October 22nd.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of large investors have recently made changes to their positions in the business. Capital Research Global Investors grew its position in Controladora Vuela Compañía de Aviación by 45.5% during the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after purchasing an additional 1,372,624 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter valued at $1,338,000. Perpetual Ltd grew its holdings in shares of Controladora Vuela Compañía de Aviación by 30.9% during 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. AQR Capital Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter worth $408,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after acquiring an additional 51,580 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE:VLRS opened at $8.06 on Friday. The stock has a market cap of $939.80 million, a price-to-earnings ratio of 4.93 and a beta of 2.43. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.67. The stock’s 50 day moving average price is $6.81 and its 200 day moving average price is $6.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.13. The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. Equities research analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.12 earnings per share for the current fiscal year.

About Controladora Vuela Compañía de Aviación

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.