Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Consensus Recommendation of “Buy” by Brokerages

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has earned a consensus recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $14.02.

VLRS has been the topic of several recent analyst reports. TD Cowen dropped their price target on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group dropped their price target on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a research note on Friday, January 26th. StockNews.com raised Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Barclays boosted their price target on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. WCM Investment Management LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 1,745,219 shares of the transportation company’s stock valued at $12,950,000 after buying an additional 65,824 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 1st quarter valued at $211,000. Par Capital Management Inc. lifted its position in shares of Controladora Vuela Compañía de Aviación by 3,928.4% during the 4th quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after buying an additional 2,150,263 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 174.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after buying an additional 3,324 shares during the last quarter. Finally, Renaissance Group LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 7.4% during the 4th quarter. Renaissance Group LLC now owns 238,810 shares of the transportation company’s stock valued at $2,240,000 after buying an additional 16,433 shares during the last quarter. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Performance

NYSE:VLRS opened at $8.62 on Tuesday. The stock has a market cap of $756.75 million, a P/E ratio of 8.89 and a beta of 2.55. The company has a current ratio of 0.73, a quick ratio of 0.76 and a debt-to-equity ratio of 1.38. The stock’s 50-day moving average is $7.50 and its 200-day moving average is $7.62. Controladora Vuela Compañía de Aviación has a 1-year low of $5.52 and a 1-year high of $15.05.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, February 26th. The transportation company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $899.00 million for the quarter, compared to analyst estimates of $882.80 million. Controladora Vuela Compañía de Aviación had a return on equity of 54.44% and a net margin of 3.40%. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities research analysts anticipate that Controladora Vuela Compañía de Aviación will post 0.43 earnings per share for the current year.

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.