Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Average Rating of “Buy” by Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have received a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $13.33.

A number of brokerages have recently commented on VLRS. TD Cowen upped 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 report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research note 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 research note on Thursday, October 24th. StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group increased their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

Controladora Vuela Compañía de Aviación Trading Down 4.4 %

NYSE:VLRS opened at $8.54 on Thursday. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.57. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average is $8.07 and its 200 day moving average is $7.00. The stock has a market capitalization of $995.18 million, a PE ratio of 5.14 and a beta of 2.42.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. American Century Companies Inc. increased its position 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 bought a new position in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth $64,000. Squarepoint Ops LLC raised its position in shares of 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 valued at $386,000 after buying an additional 40,955 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth $408,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Controladora Vuela Compañía de Aviación in the second quarter worth $1,338,000. Institutional investors own 53.32% of the company’s stock.

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.