Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Consensus Recommendation of “Buy” by 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 analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.85.

A number of brokerages recently issued reports on VLRS. TD Cowen boosted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays reissued an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds have recently made changes to their positions in the company. Insigneo Advisory Services LLC purchased a new position in Controladora Vuela Compañía de Aviación during the second quarter valued at $64,000. Aigen Investment Management LP purchased a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $92,000. MQS Management LLC purchased a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $108,000. Quadrature Capital Ltd bought a new stake in Controladora Vuela Compañía de Aviación during the third quarter worth about $130,000. Finally, Inspire Advisors LLC grew its holdings in Controladora Vuela Compañía de Aviación by 25.4% in the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after purchasing an additional 4,856 shares during the period. 53.32% of the stock is currently owned by institutional investors.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS stock opened at $7.84 on Wednesday. The company has a market capitalization of $913.56 million, a P/E ratio of 4.72 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.67. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The stock has a 50 day moving average price of $7.18 and a two-hundred day moving average price of $6.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. During the same period in the prior year, the business posted ($0.33) EPS. Analysts expect that Controladora Vuela Compañía de Aviación will post 1.19 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.