Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

Separately, Morgan Stanley upgraded Controladora Vuela Compania de Aviacion SAB. de CV from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $22.10 to $23.00 in a report on Thursday, September 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Controladora Vuela Compania de Aviacion SAB. de CV has an average rating of “Buy” and a consensus target price of $22.60.

Analyst Recommendations for Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS)

Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) traded down 0.5629% during trading on Tuesday, reaching $18.1075. The company’s stock had a trading volume of 99,527 shares. The stock’s 50 day moving average is $17.63 and its 200-day moving average is $18.94. The firm has a market cap of $1.80 billion, a P/E ratio of 10.5276 and a beta of 0.44. Controladora Vuela Compania de Aviacion SAB. de CV has a 52 week low of $15.06 and a 52 week high of $21.90.

Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) last announced its earnings results on Friday, July 22nd. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.29 by $0.21. Controladora Vuela Compania de Aviacion SAB. de CV had a return on equity of 46.00% and a net margin of 16.21%. On average, equities research analysts forecast that Controladora Vuela Compania de Aviacion SAB. de CV will post $1.61 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of VLRS. Teachers Advisors Inc. boosted its position in Controladora Vuela Compania de Aviacion SAB. de CV by 13.6% in the first quarter. Teachers Advisors Inc. now owns 223,233 shares of the company’s stock valued at $4,704,000 after buying an additional 26,686 shares in the last quarter. BlackRock Group LTD boosted its position in Controladora Vuela Compania de Aviacion SAB. de CV by 22.6% in the first quarter. BlackRock Group LTD now owns 678,599 shares of the company’s stock valued at $14,298,000 after buying an additional 125,199 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Controladora Vuela Compania de Aviacion SAB. de CV during the first quarter valued at about $674,000. Investec Asset Management LTD boosted its position in Controladora Vuela Compania de Aviacion SAB. de CV by 44.9% in the first quarter. Investec Asset Management LTD now owns 78,400 shares of the company’s stock valued at $1,652,000 after buying an additional 24,300 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in Controladora Vuela Compania de Aviacion SAB. de CV by 15.9% in the first quarter. Primecap Management Co. CA now owns 182,000 shares of the company’s stock valued at $3,835,000 after buying an additional 25,000 shares in the last quarter.

About Controladora Vuela Compania de Aviacion SAB. de CV

Controladora Vuela Compania de Aviacion SAB de CV (Volaris Aviation Holding Company) is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct, point-to-point flights.

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