Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Gap Up on Strong Earnings

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS)’s stock price gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $8.02, but opened at $8.54. Controladora Vuela Compañía de Aviación shares last traded at $9.31, with a volume of 545,389 shares.

The transportation company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.42. The company had revenue of $768.00 million for the quarter, compared to analyst estimates of $685.84 million. Controladora Vuela Compañía de Aviación had a return on equity of 61.54% and a net margin of 3.40%.

Wall Street Analyst Weigh In

VLRS has been the topic of a number of analyst reports. Barclays increased their price target on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen reduced 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 research report on Thursday, February 29th. The Goldman Sachs Group reduced their price target on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating on the stock in a research report on Friday, January 26th. Deutsche Bank Aktiengesellschaft increased their price target on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, StockNews.com raised Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Controladora Vuela Compañía de Aviación presently has an average rating of “Buy” and a consensus price target of $14.02.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of large investors have recently modified their holdings of VLRS. Par Capital Management Inc. boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 3,928.4% during the 4th quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after acquiring an additional 2,150,263 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of 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 valued at $15,971,000 after acquiring an additional 570,449 shares in the last quarter. Moneda S.A. Administradora General de Fondos boosted its holdings in shares of 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 valued at $10,815,000 after acquiring an additional 116,299 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 2,264.7% during 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 in the last quarter. Finally, Fiera Capital Corp acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $3,764,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Performance

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.76 and a current ratio of 0.77. 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 has a fifty day moving average of $7.45 and a two-hundred day moving average of $7.59.

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.