Deutsche Bank Aktiengesellschaft Raises Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $12.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $11.00 to $12.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 36.05% from the stock’s previous close.

Several other equities analysts have also recently issued reports on VLRS. TD Cowen decreased their price target on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, February 29th. The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $13.85.

Controladora Vuela Compañía de Aviación Price Performance

VLRS traded up $0.80 during trading on Tuesday, hitting $8.82. The company’s stock had a trading volume of 1,113,803 shares, compared to its average volume of 492,286. The firm’s 50 day moving average price is $7.40 and its two-hundred day moving average price is $7.58. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $774.31 million, a price-to-earnings ratio of 126.02 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.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%. The business had revenue of $899.00 million during the quarter, compared to analyst estimates of $882.80 million. During the same quarter last year, the business posted $0.24 earnings per share. Sell-side analysts forecast that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ANTIPODES PARTNERS Ltd increased its stake in shares of Controladora Vuela Compañía de Aviación by 2,264.7% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock valued at $8,998,000 after acquiring an additional 918,776 shares during the last quarter. WCM Investment Management LLC grew its position in Controladora Vuela Compañía de Aviación by 51.4% in the fourth quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock valued at $15,971,000 after purchasing an additional 570,449 shares in the last quarter. CenterBook Partners LP increased its position in shares of Controladora Vuela Compañía de Aviación by 436.9% in the third quarter. CenterBook Partners LP now owns 436,943 shares of the transportation company’s stock valued at $2,967,000 after acquiring an additional 355,555 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Controladora Vuela Compañía de Aviación during the third quarter valued at approximately $214,000. Finally, Moneda S.A. Administradora General de Fondos grew 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 valued at $7,039,000 after purchasing an additional 444,082 shares in 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.