Controladora Vuela Compania de Aviacion (NYSE:VLRS) Sets New 1-Year High on Analyst Upgrade

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s stock price hit a new 52-week high during trading on Wednesday after Barclays raised their price target on the stock from $11.00 to $12.00. Barclays currently has an overweight rating on the stock. Controladora Vuela Compania de Aviacion traded as high as $10.80 and last traded at $10.1950, with a volume of 280663 shares traded. The stock had previously closed at $10.63.

A number of other equities analysts have also recently commented on VLRS. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 target price (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 14th. Bank of America boosted their target price 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 raised Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VLRS. Inspire Investing LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the second quarter valued at about $55,000. Savant Capital LLC acquired a new position in Controladora Vuela Compania de Aviacion during the third quarter worth about $77,000. R Squared Ltd bought a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth about $100,000. Inspire Advisors LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% in the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 7,929 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter valued at approximately $146,000. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compania de Aviacion Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. The firm’s fifty day moving average is $9.07 and its 200-day moving average is $7.38.

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.