Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $9.27 Average Price Target from Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.27.

VLRS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. UBS Group upped their price objective 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. Morgan Stanley lowered Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and set a $4.40 target price on the stock. in a research report on Tuesday, April 29th. Barclays downgraded Controladora Vuela Compañía de Aviación from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $12.00 to $4.50 in a research report on Tuesday, April 29th. Finally, StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in Controladora Vuela Compañía de Aviación by 34.5% in the 4th 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 last quarter. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $68,000. Prudential Financial Inc. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $79,000. Sei Investments Co. bought a new position in shares of Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $79,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 1st quarter worth approximately $105,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of Controladora Vuela Compañía de Aviación stock opened at $4.16 on Friday. Controladora Vuela Compañía de Aviación has a 12 month low of $3.49 and a 12 month high of $9.00. 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 company has a market capitalization of $484.46 million, a PE ratio of 2.50 and a beta of 2.06. The stock’s fifty day simple moving average is $5.10 and its 200 day simple moving average is $6.92.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $678.00 million for the quarter, compared to analysts’ expectations of $708.83 million. On average, research analysts predict that Controladora Vuela Compañía de Aviación will post 1.21 EPS 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.