Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Rating of “Buy” from Analysts

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $12.52.

A number of research analysts have recently commented on the company. TD Cowen dropped their price target on Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th.

Institutional Trading of Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors grew its holdings in Controladora Vuela Compañía de Aviación by 45.5% during the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after acquiring an additional 1,372,624 shares during the period. Perpetual Ltd grew its holdings in Controladora Vuela Compañía de Aviación by 30.9% during the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock worth $2,829,000 after acquiring an additional 105,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $1,338,000. 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 during the period. Finally, Insigneo Advisory Services LLC acquired a new stake in Controladora Vuela Compañía de Aviación during the 2nd quarter worth about $64,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

Controladora Vuela Compañía de Aviación Stock Up 1.1 %

Shares of VLRS opened at $6.36 on Tuesday. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.67. The stock has a market capitalization of $741.56 million, a price-to-earnings ratio of 6.56 and a beta of 2.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The stock has a fifty day moving average of $6.04 and a 200-day moving average of $6.84.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. The company had revenue of $726.00 million during the quarter, compared to analysts’ expectations of $739.87 million. As a group, sell-side analysts anticipate that Controladora Vuela Compañía de Aviación will post 0.91 earnings per share for the current fiscal year.

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.