Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives $12.52 Average Target Price from Analysts

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS - Get Free Report) has been assigned an average recommendation of "Buy" from the six analysts that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.52.

VLRS has been the topic of a number of recent analyst reports. TD Cowen cut their price objective on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, July 24th.

Controladora Vuela Compañía de Aviación Trading Up 4.7 %

VLRS traded up $0.30 during trading on Tuesday, reaching $6.66. 933,009 shares of the company's stock were exchanged, compared to its average volume of 582,238. The firm has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $6.84. The stock has a market capitalization of $776.54 million, a PE ratio of 6.87 and a beta of 2.46. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.67. 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 (NYSE:VLRS - Get Free Report) last posted its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.04. The business had revenue of $726.00 million during the quarter, compared to the consensus estimate of $739.87 million. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. As a group, equities research analysts forecast that Controladora Vuela Compañía de Aviación will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Insigneo Advisory Services LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at about $64,000. Confluence Investment Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 1st quarter valued at about $211,000. Squarepoint Ops LLC grew its stake in shares of 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 period. AQR Capital Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at about $408,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Controladora Vuela Compañía de Aviación by 43.1% in the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company's stock valued at $454,000 after buying an additional 18,433 shares during the period. 53.32% of the stock is owned by institutional investors.

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.