Shares of Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) have received a consensus recommendation of “Buy” from the seven analysts that are covering the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.25.

A number of equities analysts recently commented on the company. TheStreet upgraded Controladora Vuela Compania de Aviacion SAB. de CV from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Zacks Investment Research upgraded Controladora Vuela Compania de Aviacion SAB. de CV from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Barclays PLC upgraded Controladora Vuela Compania de Aviacion SAB. de CV from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Thursday, October 13th. Morgan Stanley upgraded Controladora Vuela Compania de Aviacion SAB. de CV from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $22.10 to $23.00 in a research note on Thursday, September 8th. Finally, Cowen and Company upgraded Controladora Vuela Compania de Aviacion SAB. de CV from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $20.00 to $23.00 in a research note on Friday, October 28th.

A number of institutional investors have recently modified their holdings of VLRS. Advisor Group Inc. acquired a new position in shares of Controladora Vuela Compania de Aviacion SAB. de CV during the second quarter worth about $100,000. Huntington National Bank acquired a new position in shares of Controladora Vuela Compania de Aviacion SAB. de CV during the second quarter worth about $138,000. Tower Research Capital LLC TRC boosted its position in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 50,146.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,537 shares of the company’s stock worth $141,000 after buying an additional 7,522 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 137.2% in the second quarter. Royal Bank of Canada now owns 8,127 shares of the company’s stock worth $152,000 after buying an additional 4,701 shares in the last quarter. Finally, DIAM Co. Ltd. acquired a new position in shares of Controladora Vuela Compania de Aviacion SAB. de CV during the second quarter worth about $161,000.

Shares of Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) opened at 15.22 on Wednesday. The firm’s 50-day moving average price is $17.76 and its 200 day moving average price is $18.21. The stock has a market capitalization of $1.54 billion, a P/E ratio of 9.76 and a beta of 0.36. Controladora Vuela Compania de Aviacion SAB. de CV has a 1-year low of $14.75 and a 1-year high of $21.90.

Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. The business earned $345 million during the quarter, compared to the consensus estimate of $286 million. Controladora Vuela Compania de Aviacion SAB. de CV had a return on equity of 37.88% and a net margin of 14.38%. Analysts expect that Controladora Vuela Compania de Aviacion SAB. de CV will post $1.61 EPS for the current fiscal year.

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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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