JPMorgan Chase & Co. Increases Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $18.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Free Report) had its price objective increased by JPMorgan Chase & Co. from $17.50 to $18.00 in a report published on Tuesday morning, Benzinga reports. They currently have an overweight rating on the transportation company's stock.

A number of other brokerages have also weighed in on VLRS. Barclays lifted their price objective on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an overweight rating in a research report on Wednesday, April 24th. The Goldman Sachs Group cut their price objective on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a buy rating on the stock in a research report on Friday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a buy rating in a research report on Tuesday, April 23rd. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a hold rating to a buy rating in a research report on Wednesday, February 28th. Finally, TD Cowen dropped their price target on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an outperform rating on the stock in a research report on Thursday, February 29th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $13.18.

Controladora Vuela Compañía de Aviación Trading Down 3.4 %

Controladora Vuela Compañía de Aviación stock traded down $0.29 during trading hours on Tuesday, reaching $8.20. The company had a trading volume of 407,477 shares, compared to its average volume of 496,668. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.72. The company has a 50-day moving average price of $7.86 and a 200 day moving average price of $7.89. The firm has a market cap of $719.88 million, a price-to-earnings ratio of 8.45 and a beta of 2.49. Controladora Vuela Compañía de Aviación has a 12-month low of $5.52 and a 12-month high of $15.05.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings data on Monday, April 22nd. The transportation company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.42. The firm had revenue of $768.00 million for the quarter, compared to analyst estimates of $685.84 million. Controladora Vuela Compañía de Aviación had a return on equity of 54.46% and a net margin of 3.40%. Equities analysts forecast that Controladora Vuela Compañía de Aviación will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VLRS. Vanguard Personalized Indexing Management LLC raised its stake in Controladora Vuela Compañía de Aviación by 14.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company's stock valued at $96,000 after buying an additional 1,759 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at $270,000. Fiera Capital Corp purchased a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at $3,764,000. ANTIPODES PARTNERS Ltd raised its stake in shares of Controladora Vuela Compañía de Aviación by 85.5% in the third quarter. ANTIPODES PARTNERS Ltd now owns 40,569 shares of the transportation company's stock worth $291,000 after purchasing an additional 18,702 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter worth $83,000. Hedge funds and other institutional investors own 53.32% of the company's stock.

About Controladora Vuela Compañía de Aviación

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.