Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Target Price at $7.44

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) has earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. Three 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 target among brokers that have issued a report on the stock in the last year is $7.44.

Several equities research analysts have recently commented on VLRS shares. JPMorgan Chase & Co. reduced their target price on shares of Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a “buy” rating on the stock in a research note on Tuesday, June 10th. Finally, Barclays downgraded shares of Controladora Vuela Compania de Aviacion from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $12.00 to $4.50 in a research note on Tuesday, April 29th.

Controladora Vuela Compania de Aviacion Stock Up 2.7%

VLRS opened at $4.41 on Friday. Controladora Vuela Compania de Aviacion has a fifty-two week low of $3.49 and a fifty-two week high of $9.00. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.75 and a quick ratio of 0.74. The firm’s fifty day moving average price is $4.38 and its two-hundred day moving average price is $6.12. The company has a market capitalization of $513.62 million, a P/E ratio of 12.24 and a beta of 2.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.10. Controladora Vuela Compania de Aviacion had a net margin of 1.38% and a return on equity of 13.07%. The firm had revenue of $678.00 million for the quarter, compared to the consensus estimate of $708.83 million. On average, analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors have recently modified their holdings of VLRS. MMA Asset Management LLC bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth about $112,000. Victory Capital Management Inc. raised its holdings in Controladora Vuela Compania de Aviacion by 146.0% during the 4th quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company’s stock worth $1,376,000 after purchasing an additional 109,776 shares during the last quarter. Aigen Investment Management LP raised its holdings in Controladora Vuela Compania de Aviacion by 123.6% during the 4th quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company’s stock worth $243,000 after purchasing an additional 18,056 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth about $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth about $2,106,000. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compania de Aviacion 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.