Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Target Price 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 research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.9375.

A number of equities analysts have issued reports on the company. Itau BBA Securities cut Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. The Goldman Sachs Group decreased 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 research report on Tuesday, June 10th. Morgan Stanley lowered 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 note on Tuesday, April 29th. 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. Finally, JPMorgan Chase & Co. dropped their price target on Controladora Vuela Compania de Aviacion from $13.00 to $7.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th.

Controladora Vuela Compania de Aviacion Price Performance

Controladora Vuela Compania de Aviacion stock traded up $0.37 on Monday, reaching $6.02. The company's stock had a trading volume of 672,244 shares, compared to its average volume of 861,205. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69. The company has a market cap of $701.35 million, a price-to-earnings ratio of -22.28 and a beta of 2.15. The business's fifty day moving average price is $4.94 and its 200 day moving average price is $5.39. Controladora Vuela Compania de Aviacion has a twelve month low of $3.49 and a twelve month high of $9.00.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, beating 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 firm had revenue of $693.00 million during the quarter, compared to analysts' expectations of $664.01 million. During the same period in the prior year, the firm posted $0.09 earnings per share. Equities analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VLRS. Tower Research Capital LLC TRC increased its stake in Controladora Vuela Compania de Aviacion by 34.5% during 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. Russell Investments Group Ltd. boosted its stake in Controladora Vuela Compania de Aviacion by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company's stock worth $373,000 after buying an additional 7,088 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Controladora Vuela Compania de Aviacion by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company's stock valued at $1,337,000 after purchasing an additional 7,626 shares in the last quarter. 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 valued at $122,000 after buying an additional 7,929 shares during the last quarter. Finally, Sei Investments Co. bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth about $79,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

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.