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

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.92.

A number of brokerages recently commented on VLRS. Bank of America raised their price target on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday, December 22nd. Barclays raised shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $9.00 to $11.00 in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, October 8th. Evercore ISI lifted their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Friday, September 19th.

Controladora Vuela Compania de Aviacion Stock Down 2.1%

Shares of VLRS opened at $9.25 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $9.99. The firm’s 50 day moving average is $7.82 and its 200-day moving average is $6.65. The stock has a market capitalization of $1.10 billion, a PE ratio of -17.13 and a beta of 1.89.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its quarterly earnings results on Monday, October 27th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $784.00 million for 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%. Equities research analysts forecast that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several large investors have recently bought and sold shares of VLRS. Arrowstreet Capital Limited Partnership raised its stake in Controladora Vuela Compania de Aviacion by 48.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock worth $12,353,000 after acquiring an additional 565,250 shares in the last quarter. AQR Capital Management LLC increased its position in Controladora Vuela Compania de Aviacion by 322.5% during the 1st quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company’s stock worth $6,683,000 after purchasing an additional 977,249 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Controladora Vuela Compania de Aviacion by 5.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company’s stock valued at $6,610,000 after purchasing an additional 71,163 shares during the last quarter. Millennium Management LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the third quarter valued at approximately $3,139,000. Finally, Jump Financial LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth $1,611,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.