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 price target increased by equities research analysts at UBS Group from $6.00 to $8.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the transportation company's stock. UBS Group's price objective indicates a potential upside of 39.86% from the stock's current price.

A number of other equities analysts have also recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating on the stock in a research 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 price target on the stock. in a research report on Tuesday, April 29th. TD Cowen lifted their price target on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Barclays raised their price objective 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. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.94.

Controladora Vuela Compania de Aviacion Price Performance

Shares of VLRS traded down $0.17 during mid-day trading on Thursday, hitting $5.72. 937,610 shares of the company traded hands, compared to its average volume of 929,089. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $9.00. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.73. The business has a 50-day moving average of $4.78 and a 200 day moving average of $5.55. The stock has a market capitalization of $666.95 million, a price-to-earnings ratio of -21.18 and a beta of 2.15.

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 (EPS) 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 firm had revenue of $693.00 million for the quarter, compared to analysts' expectations of $664.01 million. During the same period last year, the firm earned $0.09 earnings per share. As a group, equities analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position 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 acquiring an additional 1,641 shares during the period. Inspire Investing LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at about $55,000. Sei Investments Co. bought a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $79,000. Prudential Financial Inc. bought a new position in shares of Controladora Vuela Compania de Aviacion in the 4th quarter valued at about $79,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 1st quarter worth about $105,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

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.