Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $17.00 Price Target at JPMorgan Chase & Co.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective upped by JPMorgan Chase & Co. from $16.50 to $17.00 in a research report sent to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Other analysts have also recently issued research reports about the stock. TD Cowen upped their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, Barclays reaffirmed an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Trading Up 2.4 %

Controladora Vuela Compañía de Aviación stock opened at $7.71 on Tuesday. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.67. The stock has a market cap of $898.99 million, a price-to-earnings ratio of 4.57 and a beta of 2.43. The business has a 50 day moving average price of $6.68 and a two-hundred day moving average price of $6.77. 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 (NYSE:VLRS) last issued its 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. The firm had revenue of $813.00 million during 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 period last year, the business earned ($0.33) earnings per share. As a group, equities analysts forecast that Controladora Vuela Compañía de Aviación will post 1.12 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Large investors have recently bought and sold shares of the business. Capital Research Global Investors raised its position in Controladora Vuela Compañía de Aviación by 45.5% in the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after purchasing an additional 1,372,624 shares during the last quarter. Perpetual Ltd lifted its position in Controladora Vuela Compañía de Aviación by 30.9% during the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock worth $2,829,000 after buying an additional 105,570 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $1,338,000. BNP Paribas Financial Markets increased its position in Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 18,433 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after acquiring an additional 40,955 shares during the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.