Controladora Vuela Compañía de Aviación (NYSE:VLRS) Upgraded to “Strong-Buy” at StockNews.com

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

VLRS has been the topic of several other research reports. JPMorgan Chase & Co. upped their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Barclays reissued an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. UBS Group raised their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, TD Cowen boosted their price target on shares of 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. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $13.01.

Controladora Vuela Compañía de Aviación Trading Down 0.2 %

VLRS opened at $8.48 on Wednesday. The stock has a market capitalization of $988.77 million, a P/E ratio of 5.11 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 firm’s fifty day simple moving average is $7.92 and its 200 day simple moving average is $6.87.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. The firm had revenue of $813.00 million for the quarter, compared to the consensus estimate of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter last year, the business posted ($0.33) EPS. As a group, research analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after purchasing an additional 5,461 shares during the period. Insigneo Advisory Services LLC bought a new stake in Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $64,000. Squarepoint Ops LLC lifted 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 buying an additional 40,955 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $408,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $1,338,000. 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.