Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Up 3.9%

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) shares were up 3.9% on Monday . The company traded as high as $8.18 and last traded at $8.17. Approximately 42,844 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 451,907 shares. The stock had previously closed at $7.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VLRS shares. TD Cowen lowered their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. The Goldman Sachs Group decreased their price objective 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. 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Controladora Vuela Compañía de Aviación has a consensus rating of "Buy" and an average price target of $14.22.

Controladora Vuela Compañía de Aviación Stock Down 0.8 %

The stock's 50-day moving average price is $7.45 and its two-hundred day moving average price is $7.54. The stock has a market capitalization of $684.76 million, a P/E ratio of 117.30 and a beta of 2.55. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%. The firm had revenue of $899.00 million during the quarter, compared to the consensus estimate of $882.80 million. During the same period in the prior year, the firm earned $0.24 EPS. As a group, research analysts expect that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its holdings in Controladora Vuela Compañía de Aviación by 85.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,098 shares of the transportation company's stock worth $43,000 after buying an additional 1,428 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 14.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company's stock worth $96,000 after buying an additional 1,759 shares during the period. American Trust boosted its holdings in Controladora Vuela Compañía de Aviación by 7.8% in the 3rd quarter. American Trust now owns 25,365 shares of the transportation company's stock worth $172,000 after buying an additional 1,837 shares during the period. Penserra Capital Management LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 16.9% in the 3rd quarter. Penserra Capital Management LLC now owns 20,187 shares of the transportation company's stock worth $137,000 after buying an additional 2,914 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 174.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company's stock worth $49,000 after buying an additional 3,324 shares during the period. 53.32% of the stock is owned by institutional investors.

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.