Analysts Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Price Target at $12.85

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.85.

A number of brokerages recently weighed in on VLRS. JPMorgan Chase & Co. raised their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. TD Cowen raised their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays reiterated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS opened at $7.40 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The company has a 50 day moving average price of $7.82 and a 200-day moving average price of $6.78. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.57. The stock has a market capitalization of $862.83 million, a PE ratio of 4.46 and a beta of 2.42.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. During the same quarter in the prior year, the business earned ($0.33) earnings per share. Equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. raised its stake in shares of Controladora Vuela Compañía de Aviación by 2.7% in the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after purchasing an additional 5,461 shares during the last quarter. Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $64,000. Squarepoint Ops LLC raised its position in Controladora Vuela Compañía de Aviación by 207.3% during the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after buying an additional 40,955 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at approximately $408,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter worth $1,338,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

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.