Barclays Boosts Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target to $7.00

Key Points

• Barclays has increased its price target for Controladora Vuela Compania de Aviacion (NYSE:VLRS) from $5.50 to $7.00, maintaining an "equal weight" rating.
• Other firms have revised their price targets as well, with UBS Group setting a target of $8.00 and Evercore ISI raising theirs to $12.00.
• Controladora Vuela Compania de Aviacion recently reported a net loss of ($0.54) earnings per share, outperforming expectations and generating revenue of $693 million for the quarter.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) had its target price hoisted by Barclays from $5.50 to $7.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the transportation company's stock. Barclays's target price points to a potential upside of 1.23% from the stock's current price.

Several other research analysts have also weighed in on VLRS. UBS Group lifted their price objective on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. TD Cowen lifted their price objective on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Evercore ISI lifted their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, September 29th. Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.22.

Controladora Vuela Compania de Aviacion Trading Up 1.2%

Shares of NYSE VLRS traded up $0.09 during mid-day trading on Tuesday, hitting $6.92. The company's stock had a trading volume of 72,972 shares, compared to its average volume of 895,068. The stock has a market cap of $806.29 million, a price-to-earnings ratio of -25.61 and a beta of 2.02. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.68. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $9.00. The company's fifty day simple moving average is $6.32 and its 200-day simple moving average is $5.23.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The transportation company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $664.01 million. During the same quarter last year, the firm earned $0.09 EPS. On average, sell-side analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Controladora Vuela Compania de Aviacion by 322.5% in the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock worth $6,683,000 after purchasing an additional 977,249 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Controladora Vuela Compania de Aviacion in the first quarter worth approximately $3,312,000. Banco BTG Pactual S.A. bought a new position in shares of Controladora Vuela Compania de Aviacion in the first quarter worth approximately $2,056,000. Jump Financial LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the second quarter worth approximately $1,611,000. Finally, Ancient Art L.P. increased its position in shares of Controladora Vuela Compania de Aviacion by 22.2% in the first quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock worth $9,481,000 after purchasing an additional 329,496 shares during the last quarter. Institutional investors own 53.32% of the company's stock.

About Controladora Vuela Compania de Aviacion

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.

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