TD Cowen Boosts Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $13.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target raised by TD Cowen from $10.00 to $13.00 in a research note released on Tuesday, MarketBeat.com reports. They currently have a buy rating on the transportation company’s stock.

Separately, StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $13.02.

Controladora Vuela Compañía de Aviación Trading Down 0.1 %

VLRS opened at $7.06 on Tuesday. 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 current ratio of 0.70 and a quick ratio of 0.69. The firm has a market capitalization of $823.18 million, a price-to-earnings ratio of 7.28 and a beta of 2.46. The company’s 50 day moving average price is $6.25 and its two-hundred day moving average price is $6.81.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The firm had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same period in the previous year, the firm posted ($0.33) EPS. As a group, research analysts predict that Controladora Vuela Compañía de Aviación will post 0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Insigneo Advisory Services LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $64,000. Inspire Advisors LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after purchasing an additional 4,856 shares during the period. Squarepoint Ops LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 207.3% during the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after acquiring an additional 40,955 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Controladora Vuela Compañía de Aviación by 43.1% during the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock valued at $454,000 after acquiring an additional 18,433 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter valued at $408,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.