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

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRSGet Free Report) have earned a consensus rating of “Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.01.

A number of analysts recently issued reports on the company. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their price target on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Morgan Stanley assumed coverage on Controladora Vuela Compañía de Aviación in a research report on Friday, May 24th. They issued an “overweight” rating and a $12.00 price target for the company. JPMorgan Chase & Co. raised their price target on Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 21st. Finally, TD Cowen lowered their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th.

Read Our Latest Analysis on VLRS

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth about $43,000. EverSource Wealth Advisors LLC lifted its stake in Controladora Vuela Compañía de Aviación by 174.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock worth $49,000 after acquiring an additional 3,324 shares during the period. Aigen Investment Management LP purchased a new stake in Controladora Vuela Compañía de Aviación in the third quarter worth about $83,000. Vanguard Personalized Indexing Management LLC lifted its stake in Controladora Vuela Compañía de Aviación by 14.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock worth $96,000 after acquiring an additional 1,759 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth about $169,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Trading Up 0.2 %

VLRS stock opened at $6.60 on Wednesday. The firm has a fifty day moving average price of $7.86 and a 200 day moving average price of $7.96. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.52 and a fifty-two week high of $14.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.72 and a current ratio of 0.73. The firm has a market cap of $769.56 million, a PE ratio of 6.80 and a beta of 2.50.

Controladora Vuela Compañía de Aviación (NYSE:VLRSGet Free Report) last posted its earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 54.46%. The firm had revenue of $768.00 million during the quarter, compared to analyst estimates of $685.84 million. Sell-side analysts anticipate that Controladora Vuela Compañía de Aviación will post 0.69 earnings per share for the current fiscal year.

About Controladora Vuela Compañía de Aviación

(Get Free Report

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.

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Analyst Recommendations for Controladora Vuela Compañía de Aviación (NYSE:VLRS)

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