Deutsche Bank Aktiengesellschaft Increases Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $12.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target upped by analysts at Deutsche Bank Aktiengesellschaft from $11.00 to $12.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 38.25% from the stock’s current price.

A number of other brokerages have also recently issued reports on VLRS. The Goldman Sachs Group reduced 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. TD Cowen reduced their price objective on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Finally, StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and an average price target of $14.02.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of Controladora Vuela Compañía de Aviación stock opened at $8.68 on Tuesday. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.52 and a fifty-two week high of $15.05. The firm has a market cap of $762.02 million, a P/E ratio of 124.02 and a beta of 2.55. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.77 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $7.45 and a 200 day simple moving average of $7.59.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a net margin of 0.25% and a return on equity of 4.51%. The firm had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $685.84 million. Sell-side analysts predict that Controladora Vuela Compañía de Aviación will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Par Capital Management Inc. lifted its position 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 valued at $20,683,000 after acquiring an additional 2,150,263 shares in the last quarter. WCM Investment Management LLC lifted its position in Controladora Vuela Compañía de Aviación by 51.4% in 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 lifted its position in Controladora Vuela Compañía de Aviación by 11.2% in 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 lifted its position in Controladora Vuela Compañía de Aviación by 2,264.7% in 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 bought a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $3,764,000. 53.32% of the stock is owned by institutional investors.

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.