UBS Group Increases Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $14.00

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

Several other brokerages have also issued reports on VLRS. Barclays reiterated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, 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. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS opened at $7.97 on Tuesday. The business’s 50-day moving average is $7.87 and its 200-day moving average is $6.83. 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 capitalization of $929.29 million, a price-to-earnings ratio of 4.80 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 $9.57.

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, beating the consensus estimate 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 firm had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same quarter in the prior year, the business earned ($0.33) EPS. Equities research analysts expect that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors have recently modified their holdings of the company. Perpetual Ltd grew its stake in Controladora Vuela Compañía de Aviación by 30.9% in the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after buying an additional 105,570 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at about $1,338,000. American Century Companies Inc. increased its stake in shares of Controladora Vuela Compañía de Aviación by 2.7% in the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after purchasing an additional 5,461 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Controladora Vuela Compañía de Aviación by 157.9% in the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after purchasing an additional 51,580 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $408,000. Institutional investors own 53.32% of the company’s stock.

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.