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

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $7.44.

VLRS has been the topic of a number of research reports. UBS Group reduced their target price on shares of Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, May 15th. TD Cowen dropped their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Morgan Stanley downgraded shares of Controladora Vuela Compania de Aviacion 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. JPMorgan Chase & Co. dropped 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 report on Tuesday, May 6th. Finally, Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 6th.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in Controladora Vuela Compania de Aviacion by 34.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock worth $48,000 after purchasing an additional 1,641 shares during the period. Sei Investments Co. purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth about $79,000. Prudential Financial Inc. purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth about $79,000. QRG Capital Management Inc. purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the first quarter worth about $105,000. Finally, Virtu Financial LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth about $112,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Performance

NYSE VLRS opened at $4.49 on Thursday. Controladora Vuela Compania de Aviacion has a twelve month low of $3.49 and a twelve month high of $9.00. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 1.67. The company’s 50-day simple moving average is $4.55 and its 200 day simple moving average is $5.71. The stock has a market cap of $523.53 million, a P/E ratio of 12.47 and a beta of 2.12.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its earnings results on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.10. The company had revenue of $678.00 million during the quarter, compared to analysts’ expectations of $708.83 million. Controladora Vuela Compania de Aviacion had a net margin of 1.38% and a return on equity of 13.07%. As a group, research analysts forecast that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

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.