Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Raised to $13.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) had its target price raised by research analysts at TD Cowen from $10.00 to $13.00 in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a "buy" rating on the transportation company's stock. TD Cowen's price objective would suggest a potential upside of 81.31% from the stock's previous close.

Separately, StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación currently has a consensus rating of "Buy" and an average target price of $13.02.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS traded up $0.15 during trading on Tuesday, reaching $7.17. The company had a trading volume of 1,567,660 shares, compared to its average volume of 593,701. The stock's fifty day moving average price is $6.22 and its 200 day moving average price is $6.81. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.67. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a market capitalization of $836.01 million, a price-to-earnings ratio of 7.39 and a beta of 2.46.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. The firm had revenue of $726.00 million for the quarter, compared to the consensus estimate of $739.87 million. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. As a group, equities research analysts predict that Controladora Vuela Compañía de Aviación will post 0.92 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently bought and sold shares of VLRS. Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación during the second quarter worth $64,000. Inspire Advisors LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company's stock worth $152,000 after purchasing an additional 4,856 shares during the last quarter. Squarepoint Ops LLC grew its holdings in 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 buying an additional 40,955 shares during the last quarter. AQR Capital Management LLC bought a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $408,000. Finally, BNP Paribas Financial Markets increased its position in Controladora Vuela Compañía de Aviación by 43.1% during the first quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company's stock worth $454,000 after acquiring an additional 18,433 shares during the period. Hedge funds and other institutional investors own 53.32% of the company's stock.

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.