Controladora Vuela Compañía de Aviación (NYSE:VLRS) Earns Overweight Rating from Barclays

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report)'s stock had its "overweight" rating reiterated by equities research analysts at Barclays in a report released on Thursday, Benzinga reports. They currently have a $12.00 price target on the transportation company's stock. Barclays's price target would indicate a potential upside of 69.97% from the company's current price.

VLRS has been the subject of a number of other reports. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 24th. TD Cowen lifted 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. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $13.02.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS traded down $0.01 during midday trading on Thursday, hitting $7.06. The company had a trading volume of 661,420 shares, compared to its average volume of 596,950. The company has a quick ratio of 0.69, a current ratio of 0.70 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 business has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $6.81. The firm has a market capitalization of $823.20 million, a price-to-earnings ratio of 4.25 and a beta of 2.46.

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 the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The firm had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same period last year, the firm posted ($0.33) EPS. Equities research analysts anticipate that Controladora Vuela Compañía de Aviación will post 0.92 earnings per share for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors have recently bought and sold shares of the stock. Inspire Advisors LLC grew its holdings in Controladora Vuela Compañía de Aviación by 25.4% in the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company's stock valued at $152,000 after purchasing an additional 4,856 shares during the period. Perpetual Ltd grew its holdings in Controladora Vuela Compañía de Aviación by 30.9% in the third quarter. Perpetual Ltd now owns 446,958 shares of the transportation company's stock valued at $2,829,000 after purchasing an additional 105,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $1,338,000. AQR Capital Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $408,000. Finally, Squarepoint Ops LLC grew its holdings in Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company's stock valued at $386,000 after purchasing an additional 40,955 shares during the period. 53.32% of the stock is currently owned by hedge funds and other 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.