Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.44.
Several equities analysts recently commented on VLRS shares. Barclays lowered shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $12.00 to $4.50 in a research report on Tuesday, April 29th. UBS Group decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. Morgan Stanley downgraded shares of 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. Itau BBA Securities downgraded shares of Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. Finally, TD Cowen decreased their target price on shares of Controladora Vuela Compania de Aviacion from $10.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, April 25th.
Read Our Latest Stock Report on VLRS
Controladora Vuela Compania de Aviacion Stock Performance
Shares of NYSE:VLRS traded up $0.05 during midday trading on Thursday, hitting $4.68. The stock had a trading volume of 522,454 shares, compared to its average volume of 925,326. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 1.67. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 year high of $9.00. The stock has a 50 day moving average price of $4.53 and a two-hundred day moving average price of $5.76. The company has a market capitalization of $545.11 million, a PE ratio of 12.86 and a beta of 2.12.
Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10. The firm had revenue of $678.00 million for the quarter, compared to the consensus estimate of $708.83 million. Controladora Vuela Compania de Aviacion had a net margin of 1.38% and a return on equity of 13.07%. As a group, equities analysts predict 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 added to or reduced their stakes in VLRS. Acadian Asset Management LLC increased its position in 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 worth $6,610,000 after acquiring an additional 71,163 shares during the period. AQR Capital Management LLC boosted its stake in shares of Controladora Vuela Compania de Aviacion by 322.5% in the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company's stock valued at $6,683,000 after purchasing an additional 977,249 shares in the last quarter. Ancient Art L.P. boosted its stake in shares of Controladora Vuela Compania de Aviacion by 22.2% in the 1st quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company's stock valued at $9,481,000 after purchasing an additional 329,496 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $534,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 1st quarter valued at $2,056,000. Institutional investors own 53.32% of the company's stock.
Controladora Vuela Compania de Aviacion Company Profile
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Get Free ReportControladora 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.
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