Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Raised to $11.20

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price target hoisted by Bank of America from $9.50 to $11.20 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Barclays upgraded shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $9.00 to $11.00 in a report on Friday, December 19th. 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. Finally, Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.92.

Controladora Vuela Compania de Aviacion Price Performance

VLRS stock opened at $9.28 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. The business has a 50-day simple moving average of $7.21 and a two-hundred day simple moving average of $6.21. The company has a market capitalization of $1.08 billion, a P/E ratio of -17.18 and a beta of 1.95. Controladora Vuela Compania de Aviacion has a 52-week low of $3.49 and a 52-week high of $9.99.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings data on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.08. The firm had revenue of $784.00 million during the quarter, compared to the consensus estimate of $783.85 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%. Research analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

Several large investors have recently modified their holdings of the stock. Savant Capital LLC purchased a new position in Controladora Vuela Compania de Aviacion in the third quarter valued at approximately $77,000. Inspire Investing LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the second quarter valued at $55,000. Aquatic Capital Management LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at $146,000. Inspire Advisors LLC lifted its position in shares of Controladora Vuela Compania de Aviacion by 44.7% during the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after buying an additional 7,929 shares during the last quarter. Finally, MMA Asset Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.