UBS Group Issues Positive Forecast for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Free Report) had its price objective upped by UBS Group from $10.00 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the transportation company's stock.

VLRS has been the topic of a number of other research reports. Barclays reaffirmed an "overweight" rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Finally, TD Cowen increased their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $13.01.

Controladora Vuela Compañía de Aviación Stock Performance

VLRS stock traded up $0.11 during mid-day trading on Tuesday, reaching $7.83. 594,941 shares of the stock traded hands, compared to its average volume of 509,160. The firm has a market capitalization of $912.96 million, a PE ratio of 4.72 and a beta of 2.42. The business has a 50-day moving average of $7.85 and a two-hundred day moving average of $6.81. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.57. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

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 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.13. The firm had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter in the prior year, the company earned ($0.33) EPS. As a group, equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $1,338,000. Perpetual Ltd increased its holdings 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 worth $2,829,000 after buying an additional 105,570 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $408,000. BNP Paribas Financial Markets boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 157.9% in the 3rd 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, Centiva Capital LP bought a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth approximately $320,000. 53.32% of the stock is owned by institutional investors and hedge funds.

About Controladora Vuela Compañía de Aviación

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.