Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.75.

VLRS has been the subject of several recent analyst reports. Barclays upgraded Controladora Vuela Co Avcn SA CV from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 29th. UBS Group raised shares of Controladora Vuela Co Avcn SA CV from a “neutral” rating to a “buy” rating in a report on Tuesday, June 18th. Bradesco Corretora reissued a “neutral” rating and issued a $11.00 target price on shares of Controladora Vuela Co Avcn SA CV in a report on Tuesday, September 17th. Citigroup set a $12.00 target price on shares of Controladora Vuela Co Avcn SA CV and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, ValuEngine cut shares of Controladora Vuela Co Avcn SA CV from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st.

NYSE VLRS traded up $0.08 on Thursday, hitting $10.14. 218,700 shares of the company’s stock were exchanged, compared to its average volume of 286,602. The stock has a 50-day moving average of $9.36 and a 200-day moving average of $9.34. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 8.46. Controladora Vuela Co Avcn SA CV has a 52 week low of $5.15 and a 52 week high of $10.99. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -28.97 and a beta of 1.24.



Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its earnings results on Thursday, July 25th. The transportation company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.09. Controladora Vuela Co Avcn SA CV had a return on equity of 15.86% and a net margin of 3.32%. The firm had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $412.00 million. As a group, analysts predict that Controladora Vuela Co Avcn SA CV will post 0.99 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in shares of Controladora Vuela Co Avcn SA CV by 566.2% in the 2nd quarter. Wells Fargo & Company MN now owns 3,944 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 3,352 shares during the last quarter. Aperio Group LLC bought a new position in Controladora Vuela Co Avcn SA CV in the second quarter valued at about $44,000. Advisors Preferred LLC bought a new position in Controladora Vuela Co Avcn SA CV in the second quarter valued at about $50,000. Northern Trust Corp raised its position in Controladora Vuela Co Avcn SA CV by 3.1% in the second quarter. Northern Trust Corp now owns 191,184 shares of the transportation company’s stock valued at $1,793,000 after purchasing an additional 5,691 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Controladora Vuela Co Avcn SA CV in the second quarter valued at about $113,000.

About Controladora Vuela Co Avcn SA CV

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, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

Read More: What is a Backdoor Roth IRA?

Analyst Recommendations for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

Receive News & Ratings for Controladora Vuela Co Avcn SA CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Controladora Vuela Co Avcn SA CV and related companies with MarketBeat.com's FREE daily email newsletter.