Controladora Vuela Compañía de Aviación (NYSE:VLRS) Now Covered by Analysts at Itau BBA Securities

Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a report issued on Wednesday, MarketBeat.com reports. The firm issued an outperform rating and a $12.00 price target on the transportation company’s stock.

Several other brokerages have also recently issued reports on VLRS. UBS Group boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Barclays reissued 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. TD Cowen boosted their price objective on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of 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, StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $13.14.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS opened at $7.70 on Wednesday. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. 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’s 50-day moving average is $8.16 and its 200 day moving average is $7.15. The stock has a market capitalization of $897.82 million, a P/E ratio of 4.64 and a beta of 2.45.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp raised its holdings 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 purchasing an additional 3,135 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in 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 valued at $533,000 after buying an additional 51,580 shares during the last quarter. Centiva Capital LP purchased a new stake in Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $320,000. WCM Investment Management LLC increased its holdings in Controladora Vuela Compañía de Aviación by 13.3% during the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company’s stock valued at $18,423,000 after buying an additional 291,252 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $408,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

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.