News stories about Volaris (NYSE:VLRS) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Volaris earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 44.2885702985849 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
VLRS has been the topic of a number of recent research reports. Cowen reaffirmed an “outperform” rating and set a $12.00 price objective (up from $11.00) on shares of Volaris in a research note on Friday, February 23rd. Citigroup raised Volaris from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, February 20th. UBS raised Volaris from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Friday, February 16th. Zacks Investment Research reaffirmed a “sell” rating on shares of Volaris in a research note on Saturday, January 6th. Finally, Barclays reduced their price objective on Volaris from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.86.
NYSE VLRS opened at $8.75 on Friday. The stock has a market capitalization of $765.49, a P/E ratio of -29.17 and a beta of -0.02. Volaris has a 1 year low of $7.50 and a 1 year high of $16.00.
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Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2016, the company operated a fleet of 69 Airbus narrow-body aircraft, which include 15 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 302 daily flights on routes that connect 40 cities in Mexico and 22 cities in the United States and Central America.
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