Controladora Vuela Compañía de Aviación (NYSE:VLRS) Upgraded at StockNews.com

StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a buy rating to a strong-buy rating in a research note released on Wednesday.

Other research analysts have also issued reports about the stock. TD Cowen lifted their price objective on shares of 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. Barclays reiterated an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. UBS Group upped their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised their price objective 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. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $13.01.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS stock opened at $8.26 on Wednesday. The firm has a fifty day moving average price of $7.98 and a 200 day moving average price of $6.91. The company has a market cap of $962.53 million, a P/E ratio of 4.97 and a beta of 2.42. 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.

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

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds have recently added to or reduced their stakes in VLRS. Stifel Financial Corp increased its holdings in shares of Controladora Vuela Compañía de Aviación by 9.0% during the 3rd quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after buying an additional 3,135 shares during the last quarter. Perpetual Ltd boosted its stake in shares of Controladora Vuela Compañía de Aviación by 30.9% during the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after buying an additional 105,570 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter worth $1,338,000. BNP Paribas Financial Markets grew its stake in Controladora Vuela Compañía de Aviación by 157.9% in the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after purchasing an additional 51,580 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $320,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.