Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $17.00 Price Target at JPMorgan Chase & Co.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target boosted by JPMorgan Chase & Co. from $16.50 to $17.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other brokerages have also recently commented on VLRS. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays reiterated 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. Finally, TD Cowen boosted their target price 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. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS stock opened at $7.71 on Tuesday. The firm has a market cap of $898.99 million, a price-to-earnings ratio of 4.57 and a beta of 2.43. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.67. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $6.68 and a 200 day moving average price of $6.77.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. During the same quarter in the previous year, the company earned ($0.33) EPS. Research analysts expect that Controladora Vuela Compañía de Aviación will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MQS Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $108,000. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $92,000. Inspire Advisors LLC raised its holdings in Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after buying an additional 4,856 shares during the period. Perpetual Ltd boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 30.9% in the third quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after buying an additional 105,570 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Controladora Vuela Compañía de Aviación during the second quarter worth $1,338,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.