Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $12.22 Consensus PT from Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $13.01.

A number of research firms have issued reports on VLRS. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley assumed coverage on Controladora Vuela Compañía de Aviación in a research report on Friday. They set an “overweight” rating and a $12.00 price target on the stock. TD Cowen cut their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. JPMorgan Chase & Co. raised their target price on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd.

Controladora Vuela Compañía de Aviación Price Performance

VLRS opened at $7.85 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. Controladora Vuela Compañía de Aviación has a 52-week low of $5.52 and a 52-week high of $15.05. The company has a market cap of $689.15 million, a P/E ratio of 8.09 and a beta of 2.49. The company has a 50 day moving average of $7.93 and a two-hundred day moving average of $7.91.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.42. The business had revenue of $768.00 million for the quarter, compared to analyst estimates of $685.84 million. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 54.46%. On average, analysts expect that Controladora Vuela Compañía de Aviación will post 0.37 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd raised its holdings in shares of Controladora Vuela Compañía de Aviación by 2,264.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock worth $8,998,000 after buying an additional 918,776 shares in the last quarter. WCM Investment Management LLC raised its holdings in Controladora Vuela Compañía de Aviación by 51.4% in the fourth quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock worth $15,971,000 after purchasing an additional 570,449 shares during the period. CenterBook Partners LP lifted its holdings in Controladora Vuela Compañía de Aviación by 436.9% during the third quarter. CenterBook Partners LP now owns 436,943 shares of the transportation company’s stock worth $2,967,000 after acquiring an additional 355,555 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $214,000. Finally, Moneda S.A. Administradora General de Fondos lifted its position in Controladora Vuela Compañía de Aviación by 74.9% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock valued at $7,039,000 after acquiring an additional 444,082 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.