Brokerages Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Price Target at $13.01

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 research firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $13.01.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, April 23rd. Barclays increased their price target on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an "overweight" rating in a research report on Wednesday, April 24th. Finally, Morgan Stanley started coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Friday, May 24th. They issued an "overweight" rating and a $12.00 price target on the stock.

Controladora Vuela Compañía de Aviación Price Performance

NYSE VLRS traded down $0.15 on Friday, hitting $6.21. 282,483 shares of the company were exchanged, compared to its average volume of 399,720. The firm has a 50 day moving average of $7.48 and a two-hundred day moving average of $7.75. The company has a market cap of $724.09 million, a P/E ratio of 6.40 and a beta of 2.47. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.38. Controladora Vuela Compañía de Aviación has a 1-year low of $5.52 and a 1-year high of $14.07.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last released its earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 54.46%. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $685.84 million. On average, equities analysts predict that Controladora Vuela Compañía de Aviación will post 0.69 EPS for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds have recently made changes to their positions in the business. Capital Research Global Investors grew its stake in shares of Controladora Vuela Compañía de Aviación by 45.5% during the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company's stock worth $32,578,000 after acquiring an additional 1,372,624 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its stake in shares of Controladora Vuela Compañía de Aviación by 91.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company's stock worth $13,594,000 after acquiring an additional 872,764 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Controladora Vuela Compañía de Aviación by 43.1% during the 1st 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 in the last quarter. WCM Investment Management LLC grew its stake in shares of Controladora Vuela Compañía de Aviación by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 1,745,219 shares of the transportation company's stock worth $12,950,000 after acquiring an additional 65,824 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the 1st quarter worth approximately $211,000. 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.