Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Average Rating of “Buy” from Analysts

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has received an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.52.

VLRS has been the subject of several analyst reports. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. TD Cowen lowered their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th.

Controladora Vuela Compañía de Aviación Trading Up 3.5 %

NYSE:VLRS opened at $6.52 on Friday. The stock has a fifty day moving average price of $5.99 and a 200 day moving average price of $6.92. 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 has a 12-month low of $5.15 and a 12-month high of $9.67. The firm has a market cap of $760.22 million, a PE ratio of 6.72 and a beta of 2.46.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. The business had revenue of $726.00 million during the quarter, compared to analysts’ expectations of $739.87 million. Sell-side analysts anticipate that Controladora Vuela Compañía de Aviación will post 0.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VLRS. Par Capital Management Inc. boosted its stake in Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after acquiring an additional 2,150,263 shares in the last quarter. Capital Research Global Investors increased its position in Controladora Vuela Compañía de Aviación by 45.5% during the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after buying an additional 1,372,624 shares during the period. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 91.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock valued at $13,594,000 after acquiring an additional 872,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at $1,338,000. Finally, WCM Investment Management LLC boosted its stake in Controladora Vuela Compañía de Aviación by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 1,745,219 shares of the transportation company’s stock worth $12,950,000 after purchasing an additional 65,824 shares during the period. 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.