Analysts Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) PT at $13.14

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has been assigned an average recommendation of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.14.

VLRS has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Itau BBA Securities initiated coverage on shares of Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price target on the stock. Finally, UBS Group increased their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $4,550,000. Virtus Investment Advisers Inc. bought a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $549,000. Man Group plc bought a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $623,000. BNP Paribas Financial Markets grew its position in Controladora Vuela Compañía de Aviación by 51.2% during the fourth quarter. BNP Paribas Financial Markets now owns 127,394 shares of the transportation company’s stock valued at $948,000 after acquiring an additional 43,142 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in Controladora Vuela Compañía de Aviación during the fourth quarter valued at approximately $161,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Trading Down 8.2 %

Shares of Controladora Vuela Compañía de Aviación stock opened at $7.76 on Monday. Controladora Vuela Compañía de Aviación has a 12-month low of $5.15 and a 12-month high of $9.57. The company has a market cap of $904.23 million, a price-to-earnings ratio of 4.67 and a beta of 2.45. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The company’s 50-day moving average price is $8.11 and its 200-day moving average price is $7.28.

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.