Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Raised to $14.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective raised by UBS Group from $10.00 to $14.00 in a research note released on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the transportation company’s stock.

A number of other equities analysts have also issued reports on the company. TD Cowen increased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased 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. Finally, Barclays restated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of “Buy” and an average target price of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS opened at $7.97 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The company has a market cap of $929.29 million, a P/E ratio of 4.80 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.57. The stock has a fifty day moving average price of $7.87 and a 200 day moving average price of $6.83.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $795.89 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. During the same quarter last year, the company earned ($0.33) EPS. On average, research analysts forecast that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several large investors have recently made changes to their positions in VLRS. XTX Topco Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $212,000. Stifel Financial Corp increased its holdings in shares of Controladora Vuela Compañía de Aviación by 9.0% in 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 in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $130,000. Centiva Capital LP bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $320,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Controladora Vuela Compañía de Aviación by 157.9% in the 3rd 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 during the last quarter. Institutional investors own 53.32% of the company’s stock.

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.