Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $13.14 Consensus Target Price from 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 seven ratings firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.14.

VLRS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. UBS Group boosted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Itau BBA Securities began coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price objective for the company. Barclays restated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, StockNews.com cut shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in shares of Controladora Vuela Compañía de Aviación by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 1,641 shares during the period. R Squared Ltd bought a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $68,000. Prudential Financial Inc. bought a new position in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $79,000. Sei Investments Co. acquired a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $79,000. Finally, Aigen Investment Management LP bought a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth approximately $92,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Down 0.8 %

Shares of VLRS stock opened at $8.28 on Monday. The firm’s fifty day moving average price is $8.12 and its two-hundred day moving average price is $7.22. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. The firm has a market capitalization of $965.10 million, a P/E ratio of 4.99 and a beta of 2.45.

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.