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

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has received an average recommendation of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.87.

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

Controladora Vuela Compañía de Aviación Price Performance

Shares of Controladora Vuela Compañía de Aviación stock opened at $5.95 on Monday. Controladora Vuela Compañía de Aviación has a 1-year low of $5.15 and a 1-year high of $10.46. The firm’s 50-day moving average price is $6.12 and its two-hundred day moving average price is $7.12. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $693.76 million, a price-to-earnings ratio of 6.13 and a beta of 2.47.

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

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors increased its stake in shares of Controladora Vuela Compañía de Aviación by 45.5% in the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after acquiring an additional 1,372,624 shares during the last quarter. Jump Financial LLC grew its holdings in Controladora Vuela Compañía de Aviación by 74.3% during the fourth quarter. Jump Financial LLC now owns 70,700 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 30,143 shares during the period. BNP Paribas Financial Markets increased its stake in Controladora Vuela Compañía de Aviación by 43.1% in the first quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 18,433 shares in the last quarter. Simplex Trading LLC raised its holdings in Controladora Vuela Compañía de Aviación by 602.6% in the fourth quarter. Simplex Trading LLC now owns 52,258 shares of the transportation company’s stock worth $490,000 after purchasing an additional 44,820 shares during the period. Finally, Par Capital Management Inc. raised 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 worth $20,683,000 after purchasing an additional 2,150,263 shares during the period. Institutional investors 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.