Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Raised to $14.00 at UBS Group

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective boosted by investment analysts at UBS Group from $10.00 to $14.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would suggest a potential upside of 81.82% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective 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, November 12th. TD Cowen boosted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Barclays restated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación has an average rating of “Buy” and an average target price of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS stock opened at $7.70 on Tuesday. The stock’s fifty day simple moving average is $7.84 and its 200 day simple moving average is $6.80. 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 $897.80 million, a price-to-earnings ratio of 4.64 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same quarter in the previous year, the company posted ($0.33) EPS. On average, analysts expect that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VLRS. Insigneo Advisory Services LLC acquired a new position in Controladora Vuela Compañía de Aviación in the second quarter valued at about $64,000. Aigen Investment Management LP acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter valued at about $92,000. MQS Management LLC acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter valued at about $108,000. Quadrature Capital Ltd acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter valued at about $130,000. Finally, Inspire Advisors LLC grew its stake 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 acquiring an additional 4,856 shares during the period. 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.