Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Consensus Recommendation of “Buy” by Analysts

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has received an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.52.

Several research firms have weighed in on VLRS. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. TD Cowen reduced their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several large investors have recently modified their holdings of VLRS. Capital Research Global Investors boosted its stake in Controladora Vuela Compañía de Aviación by 45.5% during the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after buying an additional 1,372,624 shares during the period. ANTIPODES PARTNERS Ltd boosted its stake in shares of Controladora Vuela Compañía de Aviación by 91.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock worth $13,594,000 after purchasing an additional 872,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $1,338,000. Perpetual Ltd raised its position in Controladora Vuela Compañía de Aviación by 30.9% in the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock worth $2,829,000 after purchasing an additional 105,570 shares during the period. Finally, AQR Capital Management LLC bought a new stake in Controladora Vuela Compañía de Aviación in the second quarter worth about $408,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE:VLRS opened at $7.02 on Tuesday. The firm has a market cap of $818.52 million, a price-to-earnings ratio of 7.24 and a beta of 2.46. The firm has a fifty day moving average price of $6.19 and a 200 day moving average price of $6.82. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.67. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The business had revenue of $726.00 million during the quarter, compared to the consensus estimate of $739.87 million. As a group, sell-side analysts expect that Controladora Vuela Compañía de Aviación will post 0.92 earnings per share for the current fiscal 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.