Brokerages Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Price Target at $12.85

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has been given an average rating of “Buy” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.85.

A number of research analysts have weighed in on VLRS shares. Barclays reiterated an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. TD Cowen upped their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of institutional investors have recently made changes to their positions in VLRS. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter valued at $1,338,000. Perpetual Ltd lifted its stake in shares of Controladora Vuela Compañía de Aviación by 30.9% in the third 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. AQR Capital Management LLC acquired a new position in Controladora Vuela Compañía de Aviación during the second quarter worth about $408,000. BNP Paribas Financial Markets grew its stake in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after acquiring an additional 51,580 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $320,000. 53.32% of the stock is owned by institutional investors and hedge funds.

Controladora Vuela Compañía de Aviación Stock Down 0.5 %

Controladora Vuela Compañía de Aviación stock opened at $7.40 on Friday. The business’s 50-day moving average price is $7.82 and its 200 day moving average price is $6.78. 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 $862.83 million, a price-to-earnings ratio of 4.46 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, beating 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 firm had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. During the same period in the previous year, the firm earned ($0.33) EPS. As a group, sell-side analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current year.

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.