Controladora Vuela Compañía de Aviación (NYSE:VLRS) Raised to “Strong-Buy” at StockNews.com

Controladora Vuela Compañía de Aviación (NYSE:VLRS) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. TD Cowen raised their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective 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. Barclays reaffirmed an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Finally, UBS Group increased their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Buy” and an average target price of $13.01.

Controladora Vuela Compañía de Aviación Trading Down 0.2 %

NYSE:VLRS traded down $0.02 during mid-day trading on Wednesday, reaching $8.48. 441,892 shares of the company’s stock traded hands, compared to its average volume of 561,653. The company has a 50 day moving average price of $7.92 and a 200-day moving average price of $6.87. The firm has a market capitalization of $988.75 million, a price-to-earnings ratio of 5.11 and a beta of 2.42. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. Controladora Vuela Compañía de Aviación has a 12-month low of $5.15 and a 12-month high of $9.57.

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 (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $795.89 million. During the same period in the previous year, the firm earned ($0.33) earnings per share. On average, sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds have recently made changes to their positions in the stock. Insigneo Advisory Services LLC bought a new stake in Controladora Vuela Compañía de Aviación in the second quarter worth $64,000. Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth about $92,000. MQS Management LLC bought a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter worth about $108,000. Quadrature Capital Ltd purchased a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $130,000. Finally, Inspire Advisors LLC increased its stake in Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 4,856 shares in the last quarter. 53.32% of the stock is owned by 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.