Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Up 5.2% – Here’s Why

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) shares traded up 5.2% during trading on Thursday . The stock traded as high as $8.12 and last traded at $8.10. 340,616 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 619,061 shares. The stock had previously closed at $7.70.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VLRS. TD Cowen upped 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 research report on Tuesday, October 22nd. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Barclays restated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Six investment 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 stock currently has an average rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Up 7.0 %

The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The company has a market cap of $960.77 million, a price-to-earnings ratio of 4.64 and a beta of 2.43. The business has a 50-day simple moving average of $6.76 and a two-hundred day simple moving average of $6.77.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The firm 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 last year, the firm posted ($0.33) EPS. As a group, equities analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC bought a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter valued at $64,000. Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $92,000. MQS Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth approximately $108,000. Inspire Advisors LLC raised its stake in shares of 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 acquiring an additional 4,856 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings 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 worth $386,000 after acquiring an additional 40,955 shares in the last quarter. 53.32% of the stock is currently 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.