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

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.52.

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Morgan Stanley began coverage on Controladora Vuela Compañía de Aviación in a research report on Friday, May 24th. They set an “overweight” rating and a $12.00 target price on the stock. TD Cowen lowered their price target on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th.

Controladora Vuela Compañía de Aviación Stock Down 1.4 %

NYSE VLRS opened at $5.71 on Monday. The stock has a 50 day moving average price of $6.04 and a 200-day moving average price of $7.06. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $10.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The company has a market capitalization of $665.79 million, a P/E ratio of 5.89 and a beta of 2.47.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The firm had revenue of $726.00 million for the quarter, compared to the consensus estimate of $739.87 million. As a group, equities analysts predict that Controladora Vuela Compañía de Aviación will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of large investors have recently bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of Controladora Vuela Compañía de Aviación by 45.5% during the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after purchasing an additional 1,372,624 shares during the last quarter. Par Capital Management Inc. lifted its holdings in Controladora Vuela Compañía de Aviación by 3,928.4% during the 4th 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 in the last quarter. ANTIPODES PARTNERS Ltd boosted its position in Controladora Vuela Compañía de Aviación by 91.0% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock valued at $13,594,000 after buying an additional 872,764 shares during the period. WCM Investment Management LLC grew its stake in Controladora Vuela Compañía de Aviación by 3.9% in the 1st quarter. WCM Investment Management LLC now owns 1,745,219 shares of the transportation company’s stock worth $12,950,000 after acquiring an additional 65,824 shares in the last quarter. Finally, Renaissance Group LLC increased its position in shares of Controladora Vuela Compañía de Aviación by 7.4% during the fourth quarter. Renaissance Group LLC now owns 238,810 shares of the transportation company’s stock worth $2,240,000 after acquiring an additional 16,433 shares during the period. Hedge funds and other institutional investors own 53.32% of the company’s stock.

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.