Analysts Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Price Target at $7.94

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $7.9375.

Several equities research analysts have recently commented on VLRS shares. UBS Group upped their price target on 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. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group cut their price objective on Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a "buy" rating for the company in a research report on Tuesday, June 10th. Finally, Morgan Stanley cut Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 price objective for the company. in a research report on Tuesday, April 29th.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of Controladora Vuela Compania de Aviacion stock traded up $0.13 during trading hours on Monday, hitting $5.97. 49,796 shares of the company were exchanged, compared to its average volume of 1,009,345. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 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 $4.98 and a 200-day moving average of $5.37. The stock has a market capitalization of $695.52 million, a price-to-earnings ratio of -22.09 and a beta of 2.15.

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) EPS 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 business 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, analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ancient Art L.P. boosted its stake in shares of Controladora Vuela Compania de Aviacion by 22.2% during the first quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock valued at $9,481,000 after acquiring an additional 329,496 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 322.5% during the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after acquiring an additional 977,249 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 5.9% during the first quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company's stock valued at $6,610,000 after acquiring an additional 71,163 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the first quarter valued at $3,312,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the fourth quarter valued at $4,550,000. Hedge funds and other 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.