Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Raised to $7.00 at TD Cowen

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) had its target price hoisted by stock analysts at TD Cowen from $6.00 to $7.00 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a "buy" rating on the transportation company's stock. TD Cowen's price objective points to a potential upside of 29.03% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Morgan Stanley downgraded Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 price target on the stock. in a report on Tuesday, April 29th. UBS Group lowered their price target on Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Barclays downgraded shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $12.00 to $4.50 in a research note on Tuesday, April 29th. The Goldman Sachs Group lowered their price objective on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating on the stock in a research note on Tuesday, June 10th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Controladora Vuela Compania de Aviacion has a consensus rating of "Moderate Buy" and a consensus price target of $7.69.

Controladora Vuela Compania de Aviacion Stock Up 2.0%

Shares of NYSE VLRS traded up $0.11 during mid-day trading on Wednesday, reaching $5.43. The company had a trading volume of 695,856 shares, compared to its average volume of 837,985. The stock has a fifty day moving average of $4.64 and a two-hundred day moving average of $5.63. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.69. The company has a market capitalization of $632.56 million, a price-to-earnings ratio of -20.09 and a beta of 2.12. Controladora Vuela Compania de Aviacion has a 12-month low of $3.49 and a 12-month high of $9.00.

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) EPS for the quarter, topping analysts' consensus estimates of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%. The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $664.01 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, equities research analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in Controladora Vuela Compania de Aviacion by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock worth $48,000 after purchasing an additional 1,641 shares during the period. Inspire Investing LLC bought a new position in Controladora Vuela Compania de Aviacion in the second quarter worth $55,000. Sei Investments Co. bought a new position in Controladora Vuela Compania de Aviacion in the fourth quarter worth $79,000. Prudential Financial Inc. bought a new position in Controladora Vuela Compania de Aviacion in the fourth quarter worth $79,000. Finally, QRG Capital Management Inc. bought a new position in Controladora Vuela Compania de Aviacion in the first quarter worth $105,000. 53.32% of the stock is owned by institutional investors.

Controladora Vuela Compania de Aviacion 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.