Controladora Vuela Compañía de Aviación (NYSE:VLRS) Now Covered by Itau BBA Securities

Itau BBA Securities started coverage on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a report published on Wednesday, Marketbeat.com reports. The firm issued an outperform rating and a $12.00 price target on the transportation company’s stock.

Several other research firms also recently commented on VLRS. TD Cowen raised their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays reissued an “overweight” rating and issued a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, UBS Group raised their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $13.14.

Controladora Vuela Compañía de Aviación Trading Up 0.3 %

Shares of VLRS stock opened at $7.70 on Wednesday. The company has a 50 day moving average of $8.16 and a 200-day moving average of $7.15. 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 has a 12-month low of $5.15 and a 12-month high of $9.57. The firm has a market cap of $897.82 million, a P/E ratio of 4.64 and a beta of 2.45.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter worth $408,000. Inspire Advisors LLC raised its position in Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after purchasing an additional 4,856 shares during the period. Aigen Investment Management LP purchased a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at about $92,000. MQS Management LLC purchased a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at about $108,000. Finally, BNP Paribas Financial Markets increased its position in shares of Controladora Vuela Compañía de Aviación by 157.9% in the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after acquiring an additional 51,580 shares during the period. 53.32% of the stock is owned by institutional investors.

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.