Controladora Vuela Compañía de Aviación (NYSE:VLRS) Lowered to "Buy" Rating by StockNews.com

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Thursday.

A number of other equities analysts also recently weighed in on VLRS. UBS Group lifted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Barclays reissued an "overweight" rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Finally, TD Cowen increased their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $13.01.

Controladora Vuela Compañía de Aviación Trading Down 0.7 %

NYSE VLRS traded down $0.06 on Thursday, reaching $8.84. The company had a trading volume of 538,802 shares, compared to its average volume of 540,614. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 5.33 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.57. The business has a 50 day moving average of $8.04 and a two-hundred day moving average of $6.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $813.00 million for the quarter, compared to analysts' expectations of $795.89 million. During the same period in the prior year, the business posted ($0.33) earnings per share. Analysts forecast that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Perpetual Ltd lifted its position in shares of Controladora Vuela Compañía de Aviación by 30.9% during the third quarter. Perpetual Ltd now owns 446,958 shares of the transportation company's stock valued at $2,829,000 after purchasing an additional 105,570 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter worth about $1,338,000. American Century Companies Inc. raised its position in shares of Controladora Vuela Compañía de Aviación by 2.7% in the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company's stock valued at $1,325,000 after purchasing an additional 5,461 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company's stock worth $533,000 after acquiring an additional 51,580 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $408,000. Institutional investors and hedge funds own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación 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.