Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Raised to $12.00 at Evercore ISI

Key Points

• Evercore ISI has raised the price target for Controladora Vuela Compania de Aviacion (NYSE:VLRS) from $9.00 to $12.00, indicating a potential upside of 77.65% from its previous close.
• The stock has received mixed ratings from various brokerages, with five analysts giving a "Buy" rating while four assigned a "Hold" rating.
• Controladora Vuela Compania de Aviacion reported a quarterly earnings per share of (0.54), exceeding the consensus estimate, with revenues reaching $693 million.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) had its price objective boosted by research analysts at Evercore ISI from $9.00 to $12.00 in a report released on Monday,Benzinga reports. The firm presently has an "outperform" rating on the transportation company's stock. Evercore ISI's price objective would indicate a potential upside of 77.65% from the company's previous close.

Several other brokerages have also commented on VLRS. The Goldman Sachs Group cut their price objective on 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. Barclays boosted their price objective on 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 boosted their price objective on 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. UBS Group boosted their price objective on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised Controladora Vuela Compania de Aviacion from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.06.

Controladora Vuela Compania de Aviacion Stock Performance

VLRS traded up $0.03 during trading hours on Monday, hitting $6.76. The stock had a trading volume of 143,096 shares, compared to its average volume of 921,615. The company's fifty day simple moving average is $6.01 and its 200 day simple moving average is $5.13. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 year high of $9.00. The stock has a market cap of $787.63 million, a PE ratio of -25.02 and a beta of 2.00. 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 (NYSE:VLRS - Get Free Report) last announced 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. The company had revenue of $693.00 million during the quarter, compared to analyst estimates of $664.01 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%.During the same quarter last year, the firm posted $0.09 EPS. Equities analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds have recently made changes to their positions in VLRS. Inspire Investing LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $55,000. QRG Capital Management Inc. purchased a new position in shares of Controladora Vuela Compania de Aviacion during the first quarter valued at approximately $105,000. ABC Arbitrage SA purchased a new position in shares of Controladora Vuela Compania de Aviacion during the first quarter valued at approximately $112,000. Inspire Advisors LLC increased its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% during the second quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company's stock valued at $122,000 after buying an additional 7,929 shares during the period. Finally, Shay Capital LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the second quarter worth $214,000. 53.32% of the stock is owned by hedge funds and other 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.

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