Controladora Vuela Compania de Aviacion (NYSE:VLRS) Raised to Hold at Wall Street Zen

Key Points

• Controladora Vuela Compania de Aviacion (NYSE:VLRS) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a more favorable outlook for investors.
• Brokerages such as TD Cowen and JPMorgan have raised their price targets for VLRS, suggesting growing confidence in the company's performance.
• The stock has a current consensus rating of "Moderate Buy" with an average price target of $7.56, reflecting a blend of positive and cautious sentiments among analysts.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

VLRS has been the subject of several other research reports. The Goldman Sachs Group cut their price target 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. UBS Group boosted their price target on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Citigroup lowered Controladora Vuela Compania de Aviacion from a "buy" rating to a "neutral" rating and set a $7.00 price target for the company. in a report on Friday, August 22nd. JPMorgan Chase & Co. boosted their price target on Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Friday. Finally, TD Cowen upped their price objective on Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.56.

Controladora Vuela Compania de Aviacion Stock Performance

Controladora Vuela Compania de Aviacion stock traded down $0.01 during mid-day trading on Friday, reaching $6.89. 9,515 shares of the stock traded hands, compared to its average volume of 932,127. The stock has a market capitalization of $802.91 million, a PE ratio of -25.65 and a beta of 2.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.69 and a quick ratio of 0.68. Controladora Vuela Compania de Aviacion has a 12-month low of $3.49 and a 12-month high of $9.00. The business's 50-day moving average is $5.83 and its 200-day moving average is $5.09.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, beating analysts' consensus estimates of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative return on equity of 9.89% and a negative net margin of 1.03%.The company had revenue of $693.00 million during the quarter, compared to analysts' expectations of $664.01 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, sell-side analysts predict 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

Hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Investing LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter worth approximately $55,000. QRG Capital Management Inc. purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the first quarter worth approximately $105,000. ABC Arbitrage SA purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the first quarter worth approximately $112,000. Inspire Advisors LLC raised its holdings in shares of Controladora Vuela Compania de Aviacion by 44.7% in the second quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company's stock worth $122,000 after buying an additional 7,929 shares during the period. Finally, Shay Capital LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter worth approximately $214,000. 53.32% of the stock is currently 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.