Analysts Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Price Target at $12.87

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.87.

VLRS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Morgan Stanley started coverage on Controladora Vuela Compañía de Aviación in a research report on Friday, May 24th. They set an “overweight” rating and a $12.00 price objective for the company. Finally, TD Cowen lowered their price objective on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth about $43,000. EverSource Wealth Advisors LLC boosted its holdings in Controladora Vuela Compañía de Aviación by 174.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock worth $49,000 after acquiring an additional 3,324 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth about $169,000. Confluence Investment Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the first quarter worth about $211,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Controladora Vuela Compañía de Aviación by 74.5% in the fourth quarter. BNP Paribas Financial Markets now owns 42,750 shares of the transportation company’s stock worth $401,000 after purchasing an additional 18,247 shares during the last quarter. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Trading Down 4.3 %

Shares of VLRS opened at $5.37 on Thursday. The business’s 50-day moving average price is $6.65 and its 200-day moving average price is $7.38. Controladora Vuela Compañía de Aviación has a twelve month low of $5.15 and a twelve month high of $11.73. The stock has a market cap of $626.14 million, a PE ratio of 5.78 and a beta of 2.47. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

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.