JPMorgan Chase & Co. Raises Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $17.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its target price boosted by JPMorgan Chase & Co. from $16.50 to $17.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

VLRS has been the topic of a number of other research reports. TD Cowen boosted their price target on shares of 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. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Barclays reissued an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

VLRS opened at $8.06 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The firm has a market cap of $939.80 million, a PE ratio of 4.93 and a beta of 2.43. The business has a fifty day simple moving average of $6.81 and a 200-day simple moving average of $6.78. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.67.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $813.00 million during the quarter, compared to analyst estimates 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 last year, the company posted ($0.33) EPS. As a group, equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds have recently bought and sold shares of VLRS. Capital Research Global Investors lifted its position in shares of Controladora Vuela Compañía de Aviación by 45.5% in 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 last quarter. Perpetual Ltd raised its stake in shares of 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 acquiring an additional 105,570 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $1,338,000. American Century Companies Inc. boosted its position in Controladora Vuela Compañía de Aviación by 2.7% during 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. Finally, BNP Paribas Financial Markets grew its holdings in Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after purchasing an additional 51,580 shares during the last quarter. 53.32% of the stock is owned by institutional investors and hedge funds.

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.