Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $12.85 Average PT from Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.85.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen increased their price objective on 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. Finally, Barclays reissued an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th.

Controladora Vuela Compañía de Aviación Trading Up 0.8 %

Controladora Vuela Compañía de Aviación stock opened at $8.42 on Wednesday. The stock has a 50-day moving average of $7.33 and a two-hundred day moving average of $6.70. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.67. The stock has a market cap of $981.77 million, a PE ratio of 5.07 and a beta of 2.42.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. During the same period last year, the business posted ($0.33) earnings per share. On average, research analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Insigneo Advisory Services LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the second quarter worth about $64,000. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación during the third quarter worth about $92,000. MQS Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the third quarter worth about $108,000. Quadrature Capital Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the third quarter worth about $130,000. Finally, Inspire Advisors LLC grew its holdings in Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after acquiring an additional 4,856 shares during the period. 53.32% of the stock is owned by institutional investors and hedge funds.

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.