Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Gap Up to $8.02

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.02, but opened at $8.54. Controladora Vuela Compañía de Aviación shares last traded at $9.31, with a volume of 545,389 shares traded.

Analysts Set New Price Targets

Several equities research analysts have commented on VLRS shares. TD Cowen lowered their price objective on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group cut their price target on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a report on Friday, January 26th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $14.22.

Controladora Vuela Compañía de Aviación Stock Performance

The company has a market cap of $773.43 million, a price-to-earnings ratio of 114.59 and a beta of 2.55. The stock’s fifty day simple moving average is $7.40 and its 200 day simple moving average is $7.58. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.78.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a return on equity of 4.51% and a net margin of 0.25%. The business had revenue of $899.00 million during the quarter, compared to the consensus estimate of $882.80 million. During the same period last year, the company earned $0.24 EPS. As a group, analysts anticipate that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Large investors have recently modified their holdings of the business. Confluence Investment Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación in the first quarter valued at approximately $211,000. Par Capital Management Inc. grew its stake in shares of Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock worth $20,683,000 after acquiring an additional 2,150,263 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Controladora Vuela Compañía de Aviación by 174.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 3,324 shares in the last quarter. Renaissance Group LLC increased its holdings in Controladora Vuela Compañía de Aviación by 7.4% during the 4th quarter. Renaissance Group LLC now owns 238,810 shares of the transportation company’s stock worth $2,240,000 after purchasing an additional 16,433 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at about $169,000. Institutional investors and hedge funds 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.