Controladora Vuela Compania de Aviacion (NYSE:VLRS) Hits New 52-Week High Following Analyst Upgrade

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) shares hit a new 52-week high on Friday after Barclays upgraded the stock from an equal weight rating to an overweight rating. Barclays now has a $11.00 price target on the stock. Controladora Vuela Compania de Aviacion traded as high as $9.99 and last traded at $9.8350, with a volume of 634410 shares changing hands. The stock had previously closed at $8.32.

Other research analysts have also recently issued reports about the stock. Evercore ISI upped their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. boosted their price target on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, October 8th. Finally, Citigroup cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Friday, August 22nd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.67.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently made changes to their positions in the business. Inspire Investing LLC purchased a new position in Controladora Vuela Compania de Aviacion in the 2nd quarter worth $55,000. Savant Capital LLC bought a new position in shares of Controladora Vuela Compania de Aviacion during the third quarter valued at about $77,000. Inspire Advisors LLC increased its holdings in shares of Controladora Vuela Compania de Aviacion by 44.7% in the second quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after buying an additional 7,929 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the third quarter worth about $146,000. Finally, Shay Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at about $214,000. Institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Price Performance

The firm has a fifty day moving average of $7.01 and a two-hundred day moving average of $6.07. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $1.13 billion, a PE ratio of -17.85 and a beta of 1.95.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%.The business had revenue of $784.00 million for the quarter, compared to analysts’ expectations of $783.85 million. Research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 EPS for the current fiscal year.

Controladora Vuela Compania de Aviacion 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.