Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Target Price at $7.44

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) has received an average rating of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.44.

A number of research analysts have recently issued reports on VLRS shares. Itau BBA Securities lowered Controladora Vuela Compania de Aviacion from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. TD Cowen decreased their price objective on shares of Controladora Vuela Compania de Aviacion from $10.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group dropped their target price on shares of Controladora Vuela Compania de Aviacion from $12.00 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Controladora Vuela Compania de Aviacion from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Morgan Stanley lowered shares of Controladora Vuela Compania de Aviacion from an "overweight" rating to an "equal weight" rating and set a $4.40 price target on the stock. in a research note on Tuesday, April 29th.

Controladora Vuela Compania de Aviacion Price Performance

Shares of NYSE:VLRS traded down $0.09 during trading on Friday, reaching $4.33. 625,803 shares of the company's stock traded hands, compared to its average volume of 904,508. Controladora Vuela Compania de Aviacion has a fifty-two week low of $3.49 and a fifty-two week high of $9.00. The company has a quick ratio of 0.74, a current ratio of 0.75 and a debt-to-equity ratio of 1.67. The firm has a market cap of $504.88 million, a PE ratio of 12.28 and a beta of 2.15. The company has a 50-day simple moving average of $4.38 and a 200-day simple moving average of $6.12.

Controladora Vuela Compania de Aviacion (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The transportation company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.54) by $0.10. Controladora Vuela Compania de Aviacion had a return on equity of 13.07% and a net margin of 1.38%. The company had revenue of $678.00 million for the quarter, compared to the consensus estimate of $708.83 million. As a group, analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several large investors have recently bought and sold shares of the business. MMA Asset Management LLC purchased a new position in Controladora Vuela Compania de Aviacion in the 4th quarter worth approximately $112,000. Victory Capital Management Inc. lifted its position in Controladora Vuela Compania de Aviacion by 146.0% during the fourth quarter. Victory Capital Management Inc. now owns 184,952 shares of the transportation company's stock worth $1,376,000 after buying an additional 109,776 shares in the last quarter. Aigen Investment Management LP lifted its position in Controladora Vuela Compania de Aviacion by 123.6% during the fourth quarter. Aigen Investment Management LP now owns 32,660 shares of the transportation company's stock worth $243,000 after buying an additional 18,056 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Controladora Vuela Compania de Aviacion during the fourth quarter worth $153,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Controladora Vuela Compania de Aviacion in the 4th quarter valued at $2,106,000. 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.