Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Up 4.1% – Should You Buy?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s share price was up 4.1% during trading on Tuesday . The company traded as high as $6.62 and last traded at $6.62. Approximately 195,942 shares changed hands during trading, a decline of 66% from the average daily volume of 578,278 shares. The stock had previously closed at $6.36.

Analysts Set New Price Targets

A number of analysts recently commented on VLRS shares. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. TD Cowen reduced their price objective on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and an average target price of $12.52.

Controladora Vuela Compañía de Aviación Stock Performance

The stock has a market cap of $776.54 million, a P/E ratio of 6.56 and a beta of 2.46. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $6.04 and a two-hundred day moving average price of $6.84.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. The company had revenue of $726.00 million during the quarter, compared to analyst estimates of $739.87 million. On average, sell-side analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VLRS. Insigneo Advisory Services LLC bought a new position in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $64,000. Confluence Investment Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the first quarter worth approximately $211,000. Squarepoint Ops LLC raised its holdings 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 worth $386,000 after buying an additional 40,955 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the second quarter worth approximately $408,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Controladora Vuela Compañía de Aviación by 43.1% in the first quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after buying an additional 18,433 shares during the period. 53.32% of the stock is owned by institutional investors.

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.