Controladora Vuela Compania de Aviacion (NYSE:VLRS) Upgraded 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 Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Other equities analysts have also issued reports about 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. Citigroup cut shares of 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. lifted their price target on Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Friday. TD Cowen increased 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. Finally, UBS Group raised their price target on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.56.

Controladora Vuela Compania de Aviacion Price Performance

Controladora Vuela Compania de Aviacion stock traded up $0.05 during midday trading on Friday, hitting $6.80. The company's stock had a trading volume of 345,656 shares, compared to its average volume of 935,790. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $9.00. The company has a market capitalization of $792.28 million, a PE ratio of -25.16 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. The stock's 50-day moving average price is $5.79 and its 200-day moving average price is $5.08.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analyst estimates of $664.01 million. During the same period in the prior year, the firm posted $0.09 EPS. Analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several hedge funds and other institutional investors have recently modified their holdings of VLRS. Russell Investments Group Ltd. increased its stake in shares of Controladora Vuela Compania de Aviacion by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock worth $373,000 after acquiring an additional 7,088 shares in the last quarter. American Century Companies Inc. increased its position in Controladora Vuela Compania de Aviacion by 2.8% in the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company's stock worth $1,337,000 after buying an additional 7,626 shares in the last quarter. Inspire Advisors LLC boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company's stock valued at $122,000 after purchasing an additional 7,929 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter worth about $55,000. Finally, Moneda S.A. Administradora General de Fondos boosted its stake in Controladora Vuela Compania de Aviacion by 5.3% during the first quarter. Moneda S.A. Administradora General de Fondos now owns 294,457 shares of the transportation company's stock valued at $1,537,000 after buying an additional 14,725 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company's stock.

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.