Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $13.85 Average Target Price from Brokerages

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has received an average recommendation of “Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.02.

Several analysts recently weighed in on VLRS shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday. Barclays boosted their price target on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group dropped their price target on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a research note on Friday, January 26th. TD Cowen dropped their price target on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently modified their holdings of VLRS. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth $43,000. EverSource Wealth Advisors LLC grew its stake in shares of Controladora Vuela Compañía de Aviación by 174.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock worth $49,000 after purchasing an additional 3,324 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter worth $83,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Controladora Vuela Compañía de Aviación by 14.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock worth $96,000 after purchasing an additional 1,759 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at $169,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Up 1.2 %

Controladora Vuela Compañía de Aviación stock opened at $8.78 on Tuesday. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.52 and a fifty-two week high of $15.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.76 and a current ratio of 0.77. The firm has a 50 day moving average price of $7.48 and a 200 day moving average price of $7.60. The company has a market capitalization of $770.80 million, a PE ratio of 9.05 and a beta of 2.55.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 61.54%. The firm had revenue of $899.00 million during the quarter, compared to the consensus estimate of $882.80 million. During the same quarter last year, the firm earned $0.24 EPS. Research analysts expect that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current year.

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.