Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives $9.22 Consensus PT from Analysts

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $9.22.

Several analysts recently issued reports on VLRS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Zacks Research raised shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Barclays raised shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $9.00 to $11.00 in a report on Friday, December 19th. Bank of America raised their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $11.00 price target (up previously from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 14th.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Several institutional investors have recently added to or reduced their stakes in VLRS. Inspire Investing LLC bought a new stake in Controladora Vuela Compania de Aviacion in the 2nd quarter worth approximately $55,000. Inspire Advisors LLC increased its position in 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 purchasing an additional 7,929 shares during the last quarter. American Century Companies Inc. raised its stake in Controladora Vuela Compania de Aviacion by 2.8% during the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock valued at $1,337,000 after purchasing an additional 7,626 shares in the last quarter. M&T Bank Corp bought a new position in Controladora Vuela Compania de Aviacion during the second quarter valued at $704,000. Finally, Diametric Capital LP bought a new position in Controladora Vuela Compania de Aviacion during the second quarter valued at $1,067,000. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Price Performance

Shares of NYSE VLRS opened at $10.22 on Monday. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 year high of $10.58. The firm has a fifty day moving average price of $8.78 and a 200-day moving average price of $7.20. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.67 and a quick ratio of 0.66.

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.