Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $13.14 Average Price Target from Brokerages

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) has earned an average rating of "Buy" from the seven brokerages that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.14.

Several equities research analysts have recently issued reports on VLRS shares. UBS Group raised their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 23rd. Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They issued an "outperform" rating and a $12.00 target price on the stock. Barclays restated an "overweight" rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target 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.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of Controladora Vuela Compañía de Aviación stock traded up $0.17 during mid-day trading on Monday, hitting $8.44. 464,599 shares of the stock were exchanged, compared to its average volume of 554,885. The company has a market capitalization of $983.62 million, a P/E ratio of 5.08 and a beta of 2.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The company has a 50-day simple moving average of $8.12 and a 200 day simple moving average of $7.23. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.57.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently made changes to their positions in VLRS. WCM Investment Management LLC lifted its holdings in Controladora Vuela Compañía de Aviación by 13.3% during the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock worth $18,423,000 after purchasing an additional 291,252 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $14,786,000. Renaissance Group LLC increased its holdings in Controladora Vuela Compañía de Aviación by 33.7% during the 4th quarter. Renaissance Group LLC now owns 315,278 shares of the transportation company's stock worth $2,346,000 after acquiring an additional 79,417 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter worth approximately $2,106,000. Finally, American Century Companies Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 7.0% in the 4th quarter. American Century Companies Inc. now owns 263,141 shares of the transportation company's stock valued at $1,958,000 after acquiring an additional 17,158 shares in the last quarter. Hedge funds and other institutional investors own 53.32% of the company's stock.

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.