Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Raised to $17.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target hoisted by JPMorgan Chase & Co. from $16.50 to $17.00 in a report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. Barclays reiterated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. TD Cowen lifted their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of “Buy” and a consensus price target of $12.85.

Controladora Vuela Compañía de Aviación Price Performance

Controladora Vuela Compañía de Aviación stock opened at $8.17 on Tuesday. The firm has a fifty day moving average of $6.76 and a 200-day moving average of $6.77. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.67. 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 firm has a market capitalization of $952.61 million, a P/E ratio of 4.92 and a beta of 2.43.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results 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 period in the prior year, the firm earned ($0.33) EPS. As a group, analysts predict that Controladora Vuela Compañía de Aviación will post 1.12 EPS for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in Controladora Vuela Compañía de Aviación by 43.1% during the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after acquiring an additional 18,433 shares in the last quarter. Capital Research Global Investors grew its stake in 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 worth $32,578,000 after purchasing an additional 1,372,624 shares in the last quarter. American Century Companies Inc. increased its holdings in 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. Insigneo Advisory Services LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $64,000. Finally, Squarepoint Ops LLC raised its stake in Controladora Vuela Compañía de Aviación by 207.3% during the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after buying an additional 40,955 shares in the last quarter. Institutional investors own 53.32% of the company’s stock.

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.