JPMorgan Chase & Co. Raises 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 target increased by JPMorgan Chase & Co. from $7.00 to $8.00 in a report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company's stock.

VLRS has been the subject of a number of other reports. Wall Street Zen cut shares of Controladora Vuela Compania de Aviacion from a "hold" rating to a "sell" rating in a report on Sunday, August 24th. Barclays raised their target price on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. TD Cowen raised their target price on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a report on Tuesday, June 10th. Finally, Citigroup lowered shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price objective for the company. in a research note on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.56.

Controladora Vuela Compania de Aviacion Price Performance

Shares of Controladora Vuela Compania de Aviacion stock traded down $0.05 on Friday, hitting $6.86. The company had a trading volume of 178,446 shares, compared to its average volume of 932,973. The business has a 50-day simple moving average of $5.83 and a 200-day simple moving average of $5.09. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.68. The company has a market cap of $799.29 million, a PE ratio of -25.28 and a beta of 2.00. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $9.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share for the quarter, topping analysts' consensus estimates of ($0.75) by $0.21. The firm had revenue of $693.00 million during the quarter, compared to analysts' expectations of $664.01 million. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. During the same period last year, the firm posted $0.09 earnings per share. Research analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently modified their holdings of VLRS. AQR Capital Management LLC grew its holdings in Controladora Vuela Compania de Aviacion by 322.5% during the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock worth $6,683,000 after acquiring an additional 977,249 shares during the last quarter. Wellington Management Group LLP bought a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $3,312,000. Mackenzie Financial Corp bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $4,550,000. Banco BTG Pactual S.A. bought a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $2,056,000. Finally, ABS Direct Equity Fund LLC bought a new stake in Controladora Vuela Compania de Aviacion during the 1st quarter worth approximately $1,830,000. 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.