Controladora Vuela Compañía de Aviación (NYSE:VLRS) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen upped 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. Barclays restated an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, UBS Group boosted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.01.

Controladora Vuela Compañía de Aviación Stock Performance

VLRS stock opened at $8.26 on Wednesday. The company has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $6.91. The company has a market capitalization of $962.53 million, a P/E ratio of 4.97 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.57. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data 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. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $795.89 million. During the same quarter in the prior year, the firm posted ($0.33) earnings per share. Sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. lifted its position 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 worth $1,325,000 after purchasing an additional 5,461 shares during the period. Insigneo Advisory Services LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $64,000. Squarepoint Ops LLC boosted its stake in Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock worth $386,000 after purchasing an additional 40,955 shares in the last quarter. AQR Capital Management LLC acquired a new position in Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $408,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter worth approximately $1,338,000. 53.32% of the stock is owned by institutional investors.

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.