StockNews.com Downgrades Controladora Vuela Compañía de Aviación (NYSE:VLRS) to Buy

StockNews.com cut shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

Several other research firms have also commented on VLRS. UBS Group lifted their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Barclays reaffirmed an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Finally, TD Cowen increased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $13.01.

Controladora Vuela Compañía de Aviación Stock Down 0.7 %

Shares of NYSE VLRS opened at $8.84 on Thursday. The stock has a market cap of $1.03 billion, a PE ratio of 5.33 and a beta of 2.42. 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 $9.57. The company has a 50-day moving average of $8.04 and a 200 day moving average of $6.96.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly 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 during the quarter, compared to analyst estimates of $795.89 million. During the same period in the prior year, the business earned ($0.33) earnings per share. As a group, sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently modified their holdings of the company. Insigneo Advisory Services LLC purchased a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $64,000. R Squared Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth about $68,000. Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $92,000. MQS Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $108,000. Finally, Quadrature Capital Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $130,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compañía de Aviación

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.