Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Average Rating of “Buy” from Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $12.88.

Several research analysts have recently weighed in on VLRS shares. Citigroup decreased their price objective on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Itau BBA Securities initiated coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They set an “outperform” rating and a $12.00 target price for the company. UBS Group raised their price target on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, StockNews.com cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS stock opened at $5.60 on Friday. The firm has a market capitalization of $653.07 million, a price-to-earnings ratio of 3.37 and a beta of 2.48. The stock has a fifty day moving average of $7.41 and a 200 day moving average of $7.30. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.57. 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 (NYSE:VLRS) last issued its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.16). The firm had revenue of $835.00 million during the quarter, compared to analysts’ expectations of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. As a group, research analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Controladora Vuela Compañía de Aviación by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares during the period. R Squared Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth $68,000. Prudential Financial Inc. purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at $79,000. Sei Investments Co. acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $79,000. Finally, Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth $92,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

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.