Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Raised to $12.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target lifted by Barclays from $9.00 to $12.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential upside of 36.99% from the company’s previous close.

A number of other research analysts also recently commented on the company. TD Cowen reduced their price target on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. The Goldman Sachs Group decreased their price objective 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, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $14.02.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS traded up $0.28 during mid-day trading on Wednesday, hitting $8.76. 340,678 shares of the stock traded hands, compared to its average volume of 503,317. The company has a market cap of $769.04 million, a PE ratio of 124.16 and a beta of 2.55. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 1.78. Controladora Vuela Compañía de Aviación has a 12-month low of $5.52 and a 12-month high of $15.05. The business’s 50-day moving average price is $7.43 and its 200 day moving average price is $7.59.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a return on equity of 4.51% and a net margin of 0.25%. The company had revenue of $768.00 million for the quarter, compared to analyst estimates of $685.84 million. On average, analysts expect that Controladora Vuela Compañía de Aviación will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently modified their holdings of the company. Par Capital Management Inc. lifted its holdings in Controladora Vuela Compañía de Aviación by 3,928.4% in the 4th quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock worth $20,683,000 after purchasing an additional 2,150,263 shares in the last quarter. WCM Investment Management LLC increased its holdings in Controladora Vuela Compañía de Aviación by 51.4% during the 4th quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock worth $15,971,000 after purchasing an additional 570,449 shares during the period. Moneda S.A. Administradora General de Fondos lifted its position in Controladora Vuela Compañía de Aviación by 11.2% during the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 1,152,956 shares of the transportation company’s stock worth $10,815,000 after acquiring an additional 116,299 shares during the period. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 2,264.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock worth $8,998,000 after purchasing an additional 918,776 shares during the last quarter. Finally, Fiera Capital Corp purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth about $3,764,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Company Profile

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.