Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $13.00 Price Target at TD Cowen

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its target price lifted by research analysts at TD Cowen from $10.00 to $13.00 in a research note issued on Tuesday, Briefing.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price target would suggest a potential upside of 85.19% from the stock’s current price.

Separately, 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. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Controladora Vuela Compañía de Aviación currently has an average rating of “Buy” and a consensus target price of $13.02.

Controladora Vuela Compañía de Aviación Stock Performance

NYSE VLRS opened at $7.02 on Tuesday. The stock has a market cap of $818.52 million, a P/E ratio of 7.24 and a beta of 2.46. 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 company’s 50-day simple moving average is $6.19 and its 200 day simple moving average is $6.82.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $726.00 million during the quarter, compared to analysts’ expectations 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, research analysts forecast that Controladora Vuela Compañía de Aviación will post 0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VLRS. BNP Paribas Financial Markets raised its position in 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 purchasing an additional 18,433 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its stake 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. Capital Research Global Investors increased its stake in shares of Controladora Vuela Compañía de Aviación by 45.5% in the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after buying an additional 1,372,624 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 2.7% in the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after buying an additional 5,461 shares during the last quarter. Finally, Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $64,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.