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

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target hoisted by Barclays from $9.00 to $12.00 in a research report released on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Other equities analysts also recently issued research reports about the stock. TD Cowen lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a buy rating in a report on Tuesday. The Goldman Sachs Group lowered their price target on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a buy rating on the stock in a report 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 report on Wednesday, February 28th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Controladora Vuela Compañía de Aviación currently has a consensus rating of Buy and a consensus price target of $14.02.

Controladora Vuela Compañía de Aviación Stock Performance

VLRS opened at $8.68 on Wednesday. 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 company has a market cap of $762.02 million, a price-to-earnings ratio of 8.95 and a beta of 2.55. The company’s 50 day moving average is $7.45 and its 200 day moving average is $7.59. 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 posted its quarterly earnings data on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a net margin of 3.40% and a return on equity of 61.54%. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $685.84 million. On average, equities research analysts predict that Controladora Vuela Compañía de Aviación will post 0.19 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth $43,000. EverSource Wealth Advisors LLC increased its position in Controladora Vuela Compañía de Aviación by 174.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock worth $49,000 after purchasing an additional 3,324 shares during the last quarter. Aigen Investment Management LP bought a new stake in Controladora Vuela Compañía de Aviación in the third quarter worth $83,000. Vanguard Personalized Indexing Management LLC increased its position 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. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter worth $169,000. 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.