Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $13.85 Average Price Target from Brokerages

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) have earned a consensus recommendation of "Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.85.

VLRS has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a "buy" rating for the company in a research note on Friday, January 26th. TD Cowen reduced their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a "hold" rating to a "buy" rating in a research note on Wednesday, February 28th.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently modified their holdings of the company. ANTIPODES PARTNERS Ltd grew its holdings in Controladora Vuela Compañía de Aviación by 2,264.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company's stock valued at $8,998,000 after purchasing an additional 918,776 shares during the period. WCM Investment Management LLC grew its holdings in Controladora Vuela Compañía de Aviación by 51.4% in the fourth quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company's stock valued at $15,971,000 after purchasing an additional 570,449 shares during the period. CenterBook Partners LP grew its holdings in Controladora Vuela Compañía de Aviación by 436.9% in the third quarter. CenterBook Partners LP now owns 436,943 shares of the transportation company's stock valued at $2,967,000 after purchasing an additional 355,555 shares during the period. Quadrature Capital Ltd purchased a new stake in Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $214,000. Finally, Moneda S.A. Administradora General de Fondos grew its holdings in Controladora Vuela Compañía de Aviación by 74.9% in the third quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company's stock valued at $7,039,000 after purchasing an additional 444,082 shares during the period. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Stock Up 5.7 %

Shares of NYSE VLRS traded up $0.46 during mid-day trading on Tuesday, reaching $8.48. The company had a trading volume of 2,132,146 shares, compared to its average volume of 505,760. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.78. The firm has a 50 day simple moving average of $7.43 and a two-hundred day simple moving average of $7.59. The stock has a market cap of $744.02 million, a P/E ratio of 121.09 and a beta of 2.55. Controladora Vuela Compañía de Aviación has a 52-week low of $5.52 and a 52-week high of $15.05.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The firm had revenue of $899.00 million during the quarter, compared to analysts' expectations of $882.80 million. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%. During the same quarter in the prior year, the business earned $0.24 EPS. Sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current year.

Controladora Vuela Compañía de Aviación Company Profile

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.