Barclays Issues Positive Forecast for Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective lifted by Barclays from $11.00 to $12.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other analysts have also issued reports on VLRS. JPMorgan Chase & Co. restated a “neutral” rating and set a $11.00 target price (up previously from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Bank of America raised their price objective on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a report on Monday, December 22nd. Finally, Zacks Research upgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.32.

Controladora Vuela Compania de Aviacion Trading Up 1.6%

Controladora Vuela Compania de Aviacion stock opened at $10.64 on Tuesday. The stock has a 50-day moving average price of $9.02 and a 200 day moving average price of $7.36. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $10.78. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors have recently bought and sold shares of VLRS. Inspire Investing LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at $55,000. Savant Capital LLC purchased a new position in Controladora Vuela Compania de Aviacion in the third quarter valued at about $77,000. R Squared Ltd acquired a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth about $100,000. Inspire Advisors LLC lifted its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% during the second quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after purchasing an additional 7,929 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter worth about $146,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.