Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Average Recommendation of "Buy" by Brokerages

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) have been given an average recommendation of "Buy" by the eight ratings firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $12.88.

VLRS has been the subject of a number of recent research reports. UBS Group increased their price objective 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. Citigroup reduced their price target on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. StockNews.com lowered Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an "outperform" rating and a $12.00 price objective for the company.

Controladora Vuela Compañía de Aviación Stock Up 0.5 %

Shares of VLRS stock traded up $0.03 on Friday, hitting $5.56. 554,931 shares of the stock were exchanged, compared to its average volume of 661,082. The business has a 50-day moving average of $7.59 and a 200 day moving average of $7.33. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.57. The firm has a market capitalization of $647.94 million, a P/E ratio of 3.35 and a beta of 2.48. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

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Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.16). 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 $835.00 million for the quarter, compared to the consensus estimate of $709.48 million. Equities analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at about $14,786,000. Mackenzie Financial Corp acquired a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $4,550,000. WCM Investment Management LLC boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 13.3% during the fourth quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock worth $18,423,000 after acquiring an additional 291,252 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $2,106,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Controladora Vuela Compañía de Aviación by 236.2% during the fourth quarter. JPMorgan Chase & Co. now owns 227,601 shares of the transportation company's stock worth $1,693,000 after purchasing an additional 159,900 shares during the period. 53.32% of the stock is owned by institutional investors.

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.