Controladora Vuela Compañía de Aviación (NYSE:VLRS) Rating Increased 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 research note issued to investors on Wednesday.

Several other research analysts have also recently weighed in on VLRS. UBS Group increased their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Barclays reaffirmed an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted 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 report on Tuesday, November 12th. Finally, TD Cowen raised their target price 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. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $13.01.

Controladora Vuela Compañía de Aviación Stock Down 0.2 %

Shares of VLRS opened at $8.48 on Wednesday. The firm’s 50-day simple moving average is $7.92 and its 200 day simple moving average is $6.87. 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 firm has a market cap of $988.77 million, a P/E ratio of 5.11 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.19 by $0.13. The company had revenue of $813.00 million for the quarter, compared to the consensus estimate of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter in the prior year, the business earned ($0.33) earnings per share. On average, analysts forecast that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

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

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.