JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $16.50 to $17.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 120.49% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Barclays reissued an "overweight" rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 24th. Finally, TD Cowen upped their price target on shares of 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. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS traded up $0.18 during midday trading on Tuesday, reaching $7.71. 1,140,272 shares of the company traded hands, compared to its average volume of 619,149. 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 has a 12 month low of $5.15 and a 12 month high of $9.67. The firm has a market capitalization of $898.99 million, a price-to-earnings ratio of 4.57 and a beta of 2.43. The firm's fifty day moving average price is $6.68 and its two-hundred day moving average price is $6.77.

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 (EPS) for the quarter, topping 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 firm had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. During the same quarter in the prior year, the company earned ($0.33) EPS. On average, equities analysts expect that Controladora Vuela Compañía de Aviación will post 1.12 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several hedge funds have recently bought and sold shares of the company. Capital Research Global Investors lifted its stake in Controladora Vuela Compañía de Aviación by 45.5% in the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company's stock valued at $32,578,000 after acquiring an additional 1,372,624 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at $1,338,000. Perpetual Ltd lifted its position in Controladora Vuela Compañía de Aviación by 30.9% during the 3rd 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 acquired a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter valued at about $408,000. Finally, Squarepoint Ops LLC increased its stake in shares of Controladora Vuela Compañía de Aviación by 207.3% in the 2nd quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company's stock valued at $386,000 after acquiring an additional 40,955 shares during the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.