Analysts Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Price Target at $7.94

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 eight analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.9375.

A number of analysts recently issued reports on the stock. Morgan Stanley lowered shares of Controladora Vuela Compania de Aviacion from an “overweight” rating to an “equal weight” rating and set a $4.40 price target for the company. in a research note on Tuesday, April 29th. Itau BBA Securities lowered shares of Controladora Vuela Compania de Aviacion from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. TD Cowen lifted their price target on shares of Controladora Vuela Compania de Aviacion from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Barclays lifted their price target on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research note on Saturday.

Controladora Vuela Compania de Aviacion Trading Down 0.2%

NYSE VLRS opened at $5.83 on Monday. The company’s fifty day simple moving average is $5.00 and its 200-day simple moving average is $5.36. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $9.00. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.73. The stock has a market cap of $679.78 million, a P/E ratio of -21.59 and a beta of 2.15.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. The business had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the previous year, the company posted $0.09 earnings per share. Equities research analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several institutional investors have recently added to or reduced their stakes in the business. Ancient Art L.P. grew its position in shares of Controladora Vuela Compania de Aviacion by 22.2% during the first quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company’s stock worth $9,481,000 after acquiring an additional 329,496 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Controladora Vuela Compania de Aviacion by 322.5% during the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company’s stock worth $6,683,000 after acquiring an additional 977,249 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Controladora Vuela Compania de Aviacion by 5.9% during the first quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company’s stock worth $6,610,000 after acquiring an additional 71,163 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of Controladora Vuela Compania de Aviacion during the first quarter worth about $3,312,000. Finally, Mackenzie Financial Corp bought a new position in shares of Controladora Vuela Compania de Aviacion during the fourth quarter worth about $4,550,000. Institutional investors own 53.32% of the company’s stock.

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.