Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives $9.22 Consensus Target Price from Brokerages

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.22.

VLRS has been the topic of several research reports. Zacks Research upgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Barclays upgraded Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $9.00 to $11.00 in a research note on Friday, December 19th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 21st. Bank of America increased their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $11.00 target price (up previously from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 14th.

Institutional Trading of Controladora Vuela Compania de Aviacion

A number of hedge funds have recently bought and sold shares of VLRS. Arrowstreet Capital Limited Partnership increased its holdings in shares of Controladora Vuela Compania de Aviacion by 48.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,720,522 shares of the transportation company’s stock valued at $12,353,000 after acquiring an additional 565,250 shares during the period. Millennium Management LLC bought a new stake in Controladora Vuela Compania de Aviacion during the third quarter valued at about $3,139,000. UBS Group AG grew its stake in Controladora Vuela Compania de Aviacion by 108.5% in the fourth quarter. UBS Group AG now owns 432,989 shares of the transportation company’s stock valued at $3,845,000 after purchasing an additional 225,336 shares during the last quarter. Jump Financial LLC purchased a new position in Controladora Vuela Compania de Aviacion in the second quarter valued at about $1,611,000. Finally, American Century Companies Inc. raised its holdings in Controladora Vuela Compania de Aviacion by 2.8% in the second quarter. American Century Companies Inc. now owns 281,473 shares of the transportation company’s stock worth $1,337,000 after purchasing an additional 7,626 shares in the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion Stock Performance

VLRS stock opened at $10.45 on Monday. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $10.58. The firm’s 50-day moving average is $8.90 and its 200 day moving average is $7.26. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.