Barclays Raises Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target to $12.00

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective lifted by investment analysts at Barclays from $11.00 to $12.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective suggests a potential upside of 12.83% from the company’s previous close.

Several other equities research analysts also recently commented on VLRS. Zacks Research upgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.00 target price (up previously from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 14th. Bank of America upped their price target on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.32.

Controladora Vuela Compania de Aviacion Trading Up 1.6%

NYSE:VLRS traded up $0.17 on Tuesday, hitting $10.64. The stock had a trading volume of 783,762 shares, compared to its average volume of 713,957. Controladora Vuela Compania de Aviacion has a 52 week low of $3.49 and a 52 week high of $10.78. The business’s fifty day moving average is $8.96 and its 200 day moving average is $7.33. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several large investors have recently modified their holdings of VLRS. Arrowstreet Capital Limited Partnership boosted its holdings in Controladora Vuela Compania de Aviacion by 48.9% in the third 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 in the last quarter. Millennium Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the third quarter valued at about $3,139,000. Jump Financial LLC bought a new position in Controladora Vuela Compania de Aviacion in the second quarter worth about $1,611,000. UBS Group AG lifted its holdings 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 worth $3,845,000 after buying an additional 225,336 shares during the period. Finally, Diametric Capital LP bought a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $1,067,000. 53.32% of the stock is owned by institutional investors.

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.