UBS Group Issues Positive Forecast for Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price

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Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) had its target price increased by analysts at UBS Group from $6.00 to $8.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. UBS Group's price objective points to a potential upside of 42.98% from the stock's previous close.

VLRS has been the subject of several other research reports. TD Cowen increased their price objective on 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. Barclays increased their price target on Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the company an "equal weight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group cut 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 report on Tuesday, June 10th. Morgan Stanley cut shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 target price for the company. in a research note on Tuesday, April 29th. Finally, Itau BBA Securities lowered shares of Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.94.

Controladora Vuela Compania de Aviacion Stock Down 2.2%

Shares of NYSE VLRS traded down $0.13 during mid-day trading on Thursday, reaching $5.60. 575,961 shares of the company were exchanged, compared to its average volume of 975,970. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 year high of $9.00. The firm has a 50-day moving average of $4.78 and a 200 day moving average of $5.51. The stock has a market cap of $652.38 million, a price-to-earnings ratio of -20.72 and a beta of 2.15. 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 released its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) earnings per share for the quarter, beating analysts' consensus estimates of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. The business had revenue of $693.00 million for the quarter, compared to analysts' expectations of $664.01 million. During the same period last year, the business earned $0.09 EPS. On average, research analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 34.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company's stock valued at $48,000 after buying an additional 1,641 shares during the period. Inspire Investing LLC acquired a new position in Controladora Vuela Compania de Aviacion in the second quarter valued at approximately $55,000. Sei Investments Co. acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $79,000. Prudential Financial Inc. purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $79,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $105,000. 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.