Barclays Boosts Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $12.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective hoisted by Barclays from $9.00 to $12.00 in a report released on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a buy rating in a research report on Tuesday. StockNews.com raised Controladora Vuela Compañía de Aviación from a hold rating to a buy rating in a report on Wednesday, February 28th. TD Cowen reduced their price objective on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an outperform rating for the company in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group reduced their target price on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a buy rating for the company in a report on Friday, January 26th. Six 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 target price of $14.02.

Controladora Vuela Compañía de Aviación Stock Performance

VLRS opened at $8.62 on Wednesday. The business has a 50 day moving average price of $7.50 and a two-hundred day moving average price of $7.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.76. The company has a market capitalization of $756.75 million, a price-to-earnings ratio of 8.89 and a beta of 2.55. Controladora Vuela Compañía de Aviación has a 1-year low of $5.52 and a 1-year high of $15.05.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, February 26th. The transportation company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $899.00 million for the quarter, compared to the consensus estimate of $882.80 million. Controladora Vuela Compañía de Aviación had a return on equity of 54.44% and a net margin of 3.40%. During the same quarter in the previous year, the business earned $0.24 EPS. Research analysts predict that Controladora Vuela Compañía de Aviación will post 0.43 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently modified their holdings of the business. ANTIPODES PARTNERS Ltd lifted its stake in Controladora Vuela Compañía de Aviación by 2,264.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock worth $8,998,000 after acquiring an additional 918,776 shares in the last quarter. WCM Investment Management LLC grew its position in Controladora Vuela Compañía de Aviación by 51.4% during the fourth quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock valued at $15,971,000 after purchasing an additional 570,449 shares in the last quarter. CenterBook Partners LP increased its stake in Controladora Vuela Compañía de Aviación by 436.9% in the 3rd quarter. CenterBook Partners LP now owns 436,943 shares of the transportation company’s stock valued at $2,967,000 after buying an additional 355,555 shares during the period. Quadrature Capital Ltd purchased a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter worth approximately $214,000. Finally, Moneda S.A. Administradora General de Fondos lifted its position in Controladora Vuela Compañía de Aviación by 74.9% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock worth $7,039,000 after buying an additional 444,082 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.