JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective hoisted by JPMorgan Chase & Co. from $16.50 to $17.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other analysts have also recently weighed in on VLRS. Barclays reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen raised 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 note on Tuesday, October 22nd. Finally, StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE VLRS opened at $8.17 on Tuesday. The stock has a market capitalization of $952.61 million, a P/E ratio of 4.92 and a beta of 2.43. The firm’s 50-day moving average price is $6.76 and its two-hundred day moving average price is $6.77. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.67. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same period in the prior year, the business earned ($0.33) EPS. As a group, sell-side analysts forecast that Controladora Vuela Compañía de Aviación will post 1.12 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of institutional investors have recently made changes to their positions in VLRS. BNP Paribas Financial Markets increased its stake in shares of Controladora Vuela Compañía de Aviación by 43.1% during the first quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 18,433 shares during the period. Capital Research Global Investors boosted its stake in Controladora Vuela Compañía de Aviación by 45.5% during the 1st 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. American Century Companies Inc. increased its position in shares of Controladora Vuela Compañía de Aviación by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after purchasing an additional 5,461 shares during the period. Insigneo Advisory Services LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth $64,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after buying an additional 40,955 shares during the period. 53.32% of the stock is owned by institutional investors and hedge funds.

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.