Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Average Recommendation of “Buy” by Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have received an average rating of “Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $14.02.

VLRS has been the subject of several research reports. The Goldman Sachs Group cut their price objective on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a research note on Friday, January 26th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. TD Cowen lowered their target price on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. Finally, Barclays boosted their target price on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several large investors have recently bought and sold shares of VLRS. Par Capital Management Inc. increased its holdings in Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after buying an additional 2,150,263 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in Controladora Vuela Compañía de Aviación by 2,264.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock valued at $8,998,000 after acquiring an additional 918,776 shares in the last quarter. WCM Investment Management LLC boosted its stake in Controladora Vuela Compañía de Aviación by 51.4% in 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 acquiring an additional 570,449 shares in the last quarter. Fiera Capital Corp acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter valued at $3,764,000. Finally, Moneda S.A. Administradora General de Fondos boosted its stake in Controladora Vuela Compañía de Aviación by 74.9% in the third quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock valued at $7,039,000 after acquiring an additional 444,082 shares in the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS opened at $8.62 on Tuesday. Controladora Vuela Compañía de Aviación has a 12 month low of $5.52 and a 12 month high of $15.05. The stock has a 50 day moving average of $7.50 and a two-hundred day moving average of $7.62. The company has a current ratio of 0.73, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38. The firm has a market cap of $756.75 million, a P/E ratio of 8.89 and a beta of 2.55.

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 the consensus estimate of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a return on equity of 54.44% and a net margin of 3.40%. The company had revenue of $899.00 million during the quarter, compared to analyst estimates of $882.80 million. During the same period in the previous year, the business earned $0.24 EPS. On average, analysts expect that Controladora Vuela Compañía de Aviación will post 0.43 earnings per share for the current fiscal year.

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.