Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Rating of "Buy" from 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 six ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is $12.85.

VLRS has been the subject of several recent analyst reports. Barclays reiterated an "overweight" rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. TD Cowen boosted their price target on shares of 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th.

Institutional Investors 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 second quarter worth about $1,338,000. Perpetual Ltd boosted its holdings in Controladora Vuela Compañía de Aviación by 30.9% in 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 during the period. AQR Capital Management LLC bought a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $408,000. BNP Paribas Financial Markets grew its stake in 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 valued at $533,000 after buying an additional 51,580 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth $320,000. Institutional investors own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Stock Up 2.3 %

Shares of VLRS traded up $0.18 on Wednesday, reaching $8.02. The company's stock had a trading volume of 204,733 shares, compared to its average volume of 636,349. The stock has a market capitalization of $935.13 million, a PE ratio of 4.72 and a beta of 2.42. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a twelve month low of $5.15 and a twelve month high of $9.67. The firm has a fifty day moving average of $7.18 and a 200-day moving average of $6.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same quarter last year, the company earned ($0.33) earnings per share. Equities analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current year.

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.