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

Investment analysts at Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $12.00 price target on the transportation company’s stock. Itau BBA Securities’ price objective would indicate a potential upside of 55.64% from the stock’s previous close.

Several other research firms also recently issued reports on VLRS. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. TD Cowen lifted 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. Barclays restated 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 objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, UBS Group lifted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación has a consensus rating of “Buy” and an average target price of $13.14.

Controladora Vuela Compañía de Aviación Stock Performance

Controladora Vuela Compañía de Aviación stock opened at $7.71 on Wednesday. The stock’s 50-day moving average is $8.16 and its 200-day moving average is $7.14. The company has a market cap of $898.99 million, a price-to-earnings ratio of 4.64 and a beta of 2.45. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at approximately $155,000. Segall Bryant & Hamill LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at approximately $272,000. Prudential Financial Inc. acquired a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at approximately $79,000. Sei Investments Co. acquired a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at approximately $79,000. Finally, American Century Companies Inc. boosted its position in Controladora Vuela Compañía de Aviación by 7.0% during the 4th quarter. American Century Companies Inc. now owns 263,141 shares of the transportation company’s stock worth $1,958,000 after acquiring an additional 17,158 shares during the period. Institutional investors and hedge funds 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.