Itau BBA Securities Begins Coverage on Controladora Vuela Compañía de Aviación (NYSE:VLRS)

Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS - Free Report) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $12.00 price target on the transportation company's stock.

VLRS has been the subject of several other research reports. TD Cowen increased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. StockNews.com lowered Controladora Vuela Compañía de Aviación from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group increased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Finally, Barclays reissued an "overweight" rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $13.14.

Controladora Vuela Compañía de Aviación Stock Up 4.8 %

Shares of VLRS traded up $0.37 during midday trading on Wednesday, hitting $8.11. 911,643 shares of the company's stock traded hands, compared to its average volume of 538,204. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. The firm's fifty day moving average is $8.13 and its 200-day moving average is $7.16. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $946.09 million, a price-to-earnings ratio of 4.89 and a beta of 2.45.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VLRS. AQR Capital Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $408,000. Inspire Advisors LLC grew its position in Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company's stock worth $152,000 after purchasing an additional 4,856 shares during the period. Aigen Investment Management LP acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $92,000. MQS Management LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $108,000. Finally, BNP Paribas Financial Markets grew its position in Controladora Vuela Compañía de Aviación by 157.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company's stock worth $533,000 after purchasing an additional 51,580 shares during the period. 53.32% of the stock is owned by institutional investors and hedge funds.

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.