Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target raised by analysts at JPMorgan Chase & Co. from $16.50 to $17.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 123.68% from the stock’s previous close.

VLRS has been the subject of several other research reports. Barclays reiterated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen increased their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación has an average rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Up 0.9 %

Shares of VLRS stock traded up $0.07 on Tuesday, hitting $7.60. The stock had a trading volume of 84,578 shares, compared to its average volume of 614,328. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.67. The business has a 50 day moving average price of $6.68 and a 200 day moving average price of $6.77. The company has a market cap of $886.16 million, a PE ratio of 4.57 and a beta of 2.43.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. The company had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. Research analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Insigneo Advisory Services LLC purchased a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $64,000. Aigen Investment Management LP acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $92,000. MQS Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at approximately $108,000. Inspire Advisors LLC grew its stake in Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 4,856 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Controladora Vuela Compañía de Aviación by 207.3% in the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after acquiring an additional 40,955 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.