Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Rating of “Buy” from Brokerages

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.88.

A number of equities analysts recently commented on the stock. Itau BBA Securities initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price target on the stock. UBS Group lifted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Citigroup cut their target price on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Controladora Vuela Compañía de Aviación by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares during the last quarter. R Squared Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth approximately $68,000. Prudential Financial Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at $79,000. Sei Investments Co. purchased a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter valued at about $79,000. Finally, MMA Asset Management LLC bought a new position in Controladora Vuela Compañía de Aviación in the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS opened at $4.67 on Tuesday. The firm’s fifty day moving average price is $6.20 and its two-hundred day moving average price is $7.16. 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 has a market cap of $544.05 million, a P/E ratio of 2.81 and a beta of 2.17. Controladora Vuela Compañía de Aviación has a one year low of $4.39 and a one year high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.16). The firm had revenue of $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. Equities analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

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.