Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $11.00 Price Target at Citigroup

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target reduced by analysts at Citigroup from $13.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 76.00% from the company’s previous close.

Several other analysts also recently issued reports on the company. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. UBS Group boosted their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Itau BBA Securities assumed coverage on shares of Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They issued an “outperform” rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of NYSE:VLRS traded up $0.18 on Wednesday, hitting $6.25. The company had a trading volume of 236,337 shares, compared to its average volume of 608,109. The stock has a market cap of $728.74 million, a price-to-earnings ratio of 3.74 and a beta of 2.48. The stock has a 50 day moving average price of $7.88 and a 200 day moving average price of $7.33. Controladora Vuela Compañía de Aviación has a 1-year low of $5.15 and a 1-year high of $9.57. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The company had revenue of $835.00 million during the quarter, compared to analyst estimates of $709.48 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. Analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at approximately $4,550,000. Virtus Investment Advisers Inc. acquired a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $549,000. Man Group plc bought a new stake in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth $623,000. BNP Paribas Financial Markets increased its holdings in shares of Controladora Vuela Compañía de Aviación by 51.2% during the fourth quarter. BNP Paribas Financial Markets now owns 127,394 shares of the transportation company’s stock worth $948,000 after buying an additional 43,142 shares in the last quarter. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $161,000. Institutional investors and hedge funds 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.