Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Raised to $5.50 at Barclays

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) had its price objective increased by Barclays from $4.50 to $5.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the transportation company's stock. Barclays's price target suggests a potential upside of 1.38% from the stock's current price.

Other equities analysts have also issued reports about the company. Morgan Stanley lowered Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 target price on the stock. in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their target price on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group lowered their price target on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating on the stock in a report on Tuesday, June 10th. TD Cowen raised their price target on Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the company a "buy" rating in a report on Wednesday. Finally, 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $7.69.

Controladora Vuela Compania de Aviacion Trading Up 2.0%

VLRS traded up $0.11 during midday trading on Thursday, hitting $5.43. The company's stock had a trading volume of 695,856 shares, compared to its average volume of 837,985. The company has a current ratio of 0.69, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a market cap of $632.56 million, a P/E ratio of -20.09 and a beta of 2.12. The firm has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $5.62. 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 released its quarterly 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 return on equity of 9.89% and a negative net margin of 1.03%. During the same quarter in the prior year, the business earned $0.09 EPS. On average, research analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sei Investments Co. bought a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at about $79,000. Prudential Financial Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $79,000. Segall Bryant & Hamill LLC acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at $272,000. Envestnet Asset Management Inc. boosted its position in Controladora Vuela Compania de Aviacion by 53.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 152,534 shares of the transportation company's stock worth $1,135,000 after acquiring an additional 53,267 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Controladora Vuela Compania de Aviacion by 236.2% during the 4th quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company's stock worth $1,693,000 after acquiring an additional 159,900 shares during the period. 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.