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

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is $13.02.

Several research analysts have recently issued reports on VLRS shares. Barclays restated an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, TD Cowen increased 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 research report on Tuesday, October 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors raised its holdings in shares of Controladora Vuela Compañía de Aviación by 45.5% during the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after acquiring an additional 1,372,624 shares during the period. 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 purchasing an additional 105,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought 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. boosted its position in shares of 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 buying an additional 5,461 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter worth about $408,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS stock opened at $7.59 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.67. The firm has a market cap of $884.99 million, a price-to-earnings ratio of 4.57 and a beta of 2.43. The stock has a 50-day moving average price of $6.64 and a 200 day moving average price of $6.80.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, topping 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 company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. During the same quarter in the previous year, the company earned ($0.33) EPS. Research analysts expect that Controladora Vuela Compañía de Aviación will post 1.12 EPS for the current year.

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.