Barclays Reaffirms “Overweight” Rating for Controladora Vuela Compañía de Aviación (NYSE:VLRS)

Barclays reaffirmed their overweight rating on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a research note issued to investors on Thursday morning, Benzinga reports. Barclays currently has a $12.00 price target on the transportation company’s stock.

Several other research analysts also recently weighed in on the company. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. TD Cowen raised their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $13.02.

Controladora Vuela Compañía de Aviación Stock Up 0.4 %

Controladora Vuela Compañía de Aviación stock opened at $7.09 on Thursday. The stock’s 50 day moving average price is $6.30 and its 200 day moving average price is $6.80. Controladora Vuela Compañía de Aviación has a 1-year low of $5.15 and a 1-year high of $9.67. The company has a market cap of $826.68 million, a PE ratio of 7.31 and a beta of 2.46. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) 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. The company had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter in the prior year, the company earned ($0.33) earnings per share. On average, sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 0.92 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently modified their holdings of the company. Insigneo Advisory Services LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter valued at $64,000. Inspire Advisors LLC raised its position in Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after buying an additional 4,856 shares during the period. Squarepoint Ops LLC lifted its stake in 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 worth $386,000 after acquiring an additional 40,955 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 purchasing an additional 18,433 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $408,000. 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.