Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Up 3.5%

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) shares shot up 3.5% during mid-day trading on Monday . The company traded as high as $7.33 and last traded at $7.30. 195,612 shares were traded during mid-day trading, a decline of 58% from the average session volume of 460,431 shares. The stock had previously closed at $7.05.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VLRS. TD Cowen cut their target price 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. The Goldman Sachs Group cut their target price 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. Finally, StockNews.com raised Controladora Vuela Compañía de Aviación from a "hold" rating to a "buy" rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of "Buy" and a consensus price target of $14.22.

Controladora Vuela Compañía de Aviación Stock Performance

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 market capitalization of $633.81 million, a price-to-earnings ratio of 103.29 and a beta of 2.55. The company has a 50-day moving average of $7.40 and a 200-day moving average of $7.54.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $899.00 million for the quarter, compared to analyst estimates of $882.80 million. Controladora Vuela Compañía de Aviación had a return on equity of 4.51% and a net margin of 0.25%. During the same period in the prior year, the company posted $0.24 EPS. On average, equities research analysts forecast 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 have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its stake in Controladora Vuela Compañía de Aviación by 10.2% during the 1st quarter. Capital Research Global Investors now owns 3,018,000 shares of the transportation company's stock worth $54,897,000 after buying an additional 280,000 shares during the last quarter. Par Capital Management Inc. grew its stake in shares of Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company's stock worth $20,683,000 after purchasing an additional 2,150,263 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of 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 worth $15,971,000 after purchasing an additional 570,449 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Controladora Vuela Compañía de Aviación by 32,831.9% in the fourth quarter. Bank of America Corp DE now owns 1,430,234 shares of the transportation company's stock worth $11,957,000 after purchasing an additional 1,425,891 shares in the last quarter. Finally, Moneda S.A. Administradora General de Fondos grew its stake in shares of Controladora Vuela Compañía de Aviación by 11.2% in the fourth quarter. Moneda S.A. Administradora General de Fondos now owns 1,152,956 shares of the transportation company's stock worth $10,815,000 after purchasing an additional 116,299 shares in the last quarter. 53.32% of the stock is currently 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.