Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Average Recommendation of “Buy” by Brokerages

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.02.

A number of equities research analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, TD Cowen lifted their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd.

Controladora Vuela Compañía de Aviación Stock Up 0.3 %

Shares of VLRS stock opened at $7.59 on Friday. The firm’s fifty day moving average price is $6.64 and its two-hundred day moving average price is $6.80. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.67. The firm has a market capitalization of $884.99 million, a P/E ratio of 4.57 and a beta of 2.43.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. 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 $813.00 million for the quarter, compared to the consensus estimate of $795.89 million. During the same quarter in the previous year, the business earned ($0.33) earnings per share. On average, equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $64,000. Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $92,000. MQS Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the third quarter worth approximately $108,000. Inspire Advisors LLC boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after acquiring an additional 4,856 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 40,955 shares during the last quarter. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compañía de Aviación 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.