Barclays Increases Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $12.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its target price boosted by research analysts at Barclays from $9.00 to $12.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential upside of 36.67% from the stock’s previous close.

VLRS has been the topic of a number of other research reports. The Goldman Sachs Group dropped their price objective on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen reduced their price objective on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Finally, StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of “Buy” and a consensus price target of $14.02.

Controladora Vuela Compañía de Aviación Trading Up 1.2 %

NYSE VLRS opened at $8.78 on Wednesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.77 and a quick ratio of 0.76. Controladora Vuela Compañía de Aviación has a 12 month low of $5.52 and a 12 month high of $15.05. The company has a market capitalization of $770.80 million, a price-to-earnings ratio of 9.05 and a beta of 2.55. The firm’s fifty day moving average price is $7.48 and its 200 day moving average price is $7.60.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $899.00 million for the quarter, compared to analyst estimates of $882.80 million. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 61.54%. During the same period last year, the firm posted $0.24 earnings per share. On average, sell-side analysts expect that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors have recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth about $43,000. EverSource Wealth Advisors LLC increased its holdings in shares of Controladora Vuela Compañía de Aviación by 174.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 3,324 shares during the last quarter. Aigen Investment Management LP bought a new stake in Controladora Vuela Compañía de Aviación during the third quarter valued at $83,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Controladora Vuela Compañía de Aviación by 14.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock worth $96,000 after acquiring an additional 1,759 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter worth approximately $169,000. 53.32% of the stock is currently owned by hedge funds and other 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.