Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have received an average rating of “Buy” from the five brokerages that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.85.

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reduced their price objective on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a research note on Friday, January 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, TD Cowen reduced their price objective on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th.

Controladora Vuela Compañía de Aviación Stock Up 3.1 %

VLRS stock traded up $0.25 during midday trading on Tuesday, hitting $8.27. The company’s stock had a trading volume of 1,592,122 shares, compared to its average volume of 497,542. The company has a market cap of $726.02 million, a PE ratio of 118.73 and a beta of 2.55. Controladora Vuela Compañía de Aviación has a 12 month low of $5.52 and a 12 month high of $15.05. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 1.78. The firm’s 50-day moving average is $7.40 and its 200-day moving average is $7.58.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $899.00 million for the quarter, compared to analysts’ expectations of $882.80 million. Controladora Vuela Compañía de Aviación had a return on equity of 4.51% and a net margin of 0.25%. During the same period in the prior year, the firm earned $0.24 EPS. On average, equities research analysts forecast that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Coronation Fund Managers Ltd. lifted its stake in Controladora Vuela Compañía de Aviación by 54.4% in the third quarter. Coronation Fund Managers Ltd. now owns 38,189 shares of the transportation company’s stock worth $259,000 after purchasing an additional 13,461 shares during the last quarter. Deltec Asset Management LLC bought a new stake in Controladora Vuela Compañía de Aviación in the third quarter worth about $235,000. Acuitas Investments LLC bought a new stake in Controladora Vuela Compañía de Aviación in the third quarter worth about $227,000. Moneda S.A. Administradora General de Fondos lifted its stake in Controladora Vuela Compañía de Aviación by 74.9% in the third quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock worth $7,039,000 after purchasing an additional 444,082 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Controladora Vuela Compañía de Aviación by 14.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock worth $96,000 after purchasing an additional 1,759 shares during the last quarter. Institutional investors 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.