Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Average Recommendation of “Buy” by Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been given a consensus rating of “Buy” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.01.

Several brokerages have issued reports on VLRS. Barclays reissued an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research report on Thursday. UBS Group lifted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. TD Cowen increased their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

Controladora Vuela Compañía de Aviación Trading Up 1.7 %

Shares of Controladora Vuela Compañía de Aviación stock opened at $8.90 on Thursday. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. The company’s fifty day simple moving average is $8.01 and its 200-day simple moving average is $6.95. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 5.36 and a beta of 2.42. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

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 the consensus estimate of $0.19 by $0.13. The firm had revenue of $813.00 million during the quarter, compared to analysts’ expectations 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) EPS. As a group, sell-side analysts expect that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of institutional investors have recently bought and sold shares of VLRS. Insigneo Advisory Services LLC bought a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $64,000. Aigen Investment Management LP bought a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter worth $92,000. MQS Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $108,000. Quadrature Capital Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $130,000. Finally, Inspire Advisors LLC increased its position in shares of Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after buying an additional 4,856 shares in the last quarter. Institutional investors and hedge funds 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.