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

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has received a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.52.

Several equities analysts have issued reports on the company. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. TD Cowen dropped 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 report on Wednesday, July 17th.

Controladora Vuela Compañía de Aviación Stock Performance

NYSE:VLRS opened at $6.52 on Friday. 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 cap of $760.22 million, a price-to-earnings ratio of 6.72 and a beta of 2.46. The firm’s fifty day moving average price is $5.99 and its 200 day moving average price is $6.92. Controladora Vuela Compañía de Aviación has a 1-year low of $5.15 and a 1-year high of $9.67.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, July 22nd. The transportation company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. The business 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%. On average, sell-side analysts expect that Controladora Vuela Compañía de Aviación will post 0.86 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors have recently modified their holdings of the company. Capital Research Global Investors increased its stake in Controladora Vuela Compañía de Aviación by 45.5% in the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after purchasing an additional 1,372,624 shares in the last quarter. Par Capital Management Inc. grew its holdings in Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after purchasing an additional 2,150,263 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in shares of Controladora Vuela Compañía de Aviación by 91.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock valued at $13,594,000 after buying an additional 872,764 shares in the last quarter. WCM Investment Management LLC raised 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 buying an additional 65,824 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth about $1,338,000. 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.