UBS Group Forecasts Strong Price Appreciation for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its target price upped by equities research analysts at UBS Group from $10.00 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective points to a potential upside of 75.66% from the stock’s previous close.

A number of other brokerages also recently issued reports on VLRS. JPMorgan Chase & Co. raised their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Barclays restated an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, TD Cowen boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $13.01.

Controladora Vuela Compañía de Aviación Trading Up 1.5 %

Shares of NYSE VLRS opened at $7.97 on Tuesday. The firm has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $6.82. The stock has a market cap of $929.29 million, a P/E ratio of 4.80 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The business 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 return on equity of 71.50% and a net margin of 5.99%. During the same period in the prior year, the business posted ($0.33) earnings per share. As a group, equities analysts forecast that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $212,000. Stifel Financial Corp raised its position in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after purchasing an additional 3,135 shares during the period. Quadrature Capital Ltd bought a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth $130,000. Centiva Capital LP acquired a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $320,000. Finally, BNP Paribas Financial Markets increased its stake in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after purchasing an additional 51,580 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.