Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Average Rating of “Buy” from Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have earned an average rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.85.

Several analysts have commented on VLRS shares. Barclays reissued an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen raised their target price on 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. Finally, JPMorgan Chase & Co. raised their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Controladora Vuela Compañía de Aviación Stock Up 0.8 %

Shares of VLRS opened at $8.42 on Wednesday. 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 12 month low of $5.15 and a 12 month high of $9.67. The stock’s 50 day moving average is $7.33 and its two-hundred day moving average is $6.70. The firm has a market cap of $981.77 million, a P/E ratio of 5.07 and a beta of 2.42.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating the consensus estimate 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 company had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same period last year, the company earned ($0.33) earnings per share. Analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VLRS. American Century Companies Inc. boosted its stake in Controladora Vuela Compañía de Aviación by 2.7% during the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after buying an additional 5,461 shares during the last quarter. Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación during the second quarter worth $64,000. Squarepoint Ops LLC boosted its stake in Controladora Vuela Compañía de Aviación by 207.3% during the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after buying an additional 40,955 shares during the last quarter. AQR Capital Management LLC acquired a new position in Controladora Vuela Compañía de Aviación during the second quarter worth $408,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Controladora Vuela Compañía de Aviación during the second quarter worth $1,338,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.