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

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.01.

VLRS has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of 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. Barclays reiterated an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. StockNews.com lowered Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, TD Cowen upped their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd.

Controladora Vuela Compañía de Aviación Stock Performance

NYSE:VLRS opened at $8.90 on Thursday. The company has a 50-day moving average of $8.01 and a 200-day moving average of $6.95. The firm 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 has a twelve month low of $5.15 and a twelve month high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. The company had revenue of $813.00 million for 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 company earned ($0.33) earnings per share. Analysts forecast that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently bought and sold shares of VLRS. XTX Topco Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $212,000. Stifel Financial Corp lifted its stake 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 worth $241,000 after buying an additional 3,135 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $130,000. Centiva Capital LP acquired a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $320,000. Finally, BNP Paribas Financial Markets raised its holdings in 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 period. 53.32% of the stock is currently owned by institutional investors.

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.