JPMorgan Chase & Co. Increases Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target to $8.00

Key Points

• JPMorgan Chase & Co. has raised the price target for Controladora Vuela Compania de Aviacion (NYSE:VLRS) from $7.00 to $8.00, indicating a potential upside of 19.31% from the current stock price.
• The stock has received mixed ratings, with four analysts giving it a Buy and four rating it as Hold, leading to a consensus rating of "Moderate Buy" and an average price target of $7.56.
• Controladora Vuela Compania de Aviacion reported a revenue of $693 million for the last quarter, surpassing analyst estimates of $664 million, while its earnings per share were negative at ($0.54).

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Free Report) had its price objective lifted by JPMorgan Chase & Co. from $7.00 to $8.00 in a research report report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company's stock.

Other equities research analysts have also issued research reports about the company. Wall Street Zen lowered Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. The Goldman Sachs Group reduced their price objective on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a research report on Tuesday, June 10th. UBS Group increased their target price 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. Citigroup cut shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price target for the company. in a report on Friday, August 22nd. Finally, TD Cowen upped 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. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.56.

Controladora Vuela Compania de Aviacion Trading Up 2.1%

Shares of NYSE VLRS traded up $0.15 during trading on Friday, reaching $6.90. The company had a trading volume of 596,685 shares, compared to its average volume of 937,263. The stock has a market cap of $803.94 million, a P/E ratio of -25.54 and a beta of 2.00. The company's fifty day moving average price is $5.79 and its 200-day moving average price is $5.08. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.73. 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 issued its quarterly earnings data on Monday, July 21st. The transportation company reported ($0.54) earnings per share (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 company had revenue of $693.00 million during the quarter, compared to the consensus estimate of $664.01 million. During the same period last year, the company earned $0.09 earnings per share. As a group, research analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Man Group plc purchased a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at approximately $623,000. Mackenzie Financial Corp purchased a new position in Controladora Vuela Compania de Aviacion during the 4th quarter worth $4,550,000. ABS Direct Equity Fund LLC purchased a new position in Controladora Vuela Compania de Aviacion during the first quarter worth about $1,830,000. QRG Capital Management Inc. bought a new stake in Controladora Vuela Compania de Aviacion in the 1st quarter worth about $105,000. Finally, Advisors Preferred LLC increased its stake in Controladora Vuela Compania de Aviacion by 2,289.7% in the 1st quarter. Advisors Preferred LLC now owns 59,121 shares of the transportation company's stock valued at $310,000 after buying an additional 56,647 shares during the last quarter. 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.