Controladora Vuela Compañía de Aviación (NYSE:VLRS) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a strong-buy rating to a buy rating in a report issued on Thursday.

Other analysts also recently issued reports about the stock. UBS Group upped their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Barclays reaffirmed an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted 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. Finally, TD Cowen lifted their price target on 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS opened at $8.84 on Thursday. The firm has a market capitalization of $1.03 billion, a PE ratio of 5.33 and a beta of 2.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The company’s fifty day moving average price is $8.04 and its 200-day moving average price is $6.96. Controladora Vuela Compañía de Aviación has a 1-year low of $5.15 and a 1-year high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share 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 business had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same period in the prior year, the company earned ($0.33) earnings per share. On average, equities research analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently made changes to their positions in VLRS. R Squared Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $68,000. Insigneo Advisory Services LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at about $64,000. Aigen Investment Management LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth about $92,000. MQS Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $108,000. Finally, Quadrature Capital Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter worth about $130,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

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.