Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sees Strong Trading Volume – Time to Buy?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) saw unusually-strong trading volume on Wednesday . Approximately 217,325 shares changed hands during mid-day trading, a decline of 66% from the previous session’s volume of 634,065 shares.The stock last traded at $7.61 and had previously closed at $7.58.

Wall Street Analyst Weigh In

A number of research firms recently commented on VLRS. JPMorgan Chase & Co. lifted their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Barclays reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, TD Cowen raised their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and a consensus target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Up 0.3 %

The business’s fifty day moving average price is $7.06 and its 200 day moving average price is $6.73. The firm has a market capitalization of $886.16 million, a PE ratio of 4.57 and a beta of 2.43. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same period last year, the firm earned ($0.33) EPS. On average, equities research analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently bought and sold shares of the business. Insigneo Advisory Services LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at approximately $64,000. Aigen Investment Management LP acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter worth approximately $92,000. MQS Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter valued at $108,000. Quadrature Capital Ltd acquired a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter worth $130,000. Finally, Inspire Advisors LLC lifted its stake in shares of Controladora Vuela Compañía de Aviación by 25.4% in the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after buying an additional 4,856 shares during the last quarter. Institutional investors and hedge funds 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.