Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price Up 8.2% – What’s Next?

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) traded up 8.2% during trading on Tuesday . The company traded as high as $7.03 and last traded at $6.90. 478,333 shares traded hands during trading, a decline of 44% from the average session volume of 855,561 shares. The stock had previously closed at $6.38.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VLRS. JPMorgan Chase & Co. upped their target price on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. UBS Group upped their price target on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Citigroup downgraded Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research note on Friday, August 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.22.

Controladora Vuela Compania de Aviacion Stock Up 9.2%

The company has a market cap of $812.70 million, a PE ratio of -12.89 and a beta of 2.06. The firm has a 50-day simple moving average of $6.73 and a two-hundred day simple moving average of $5.69. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.67 and a quick ratio of 0.66.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its quarterly earnings data on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%.The business had revenue of $42.63 million for the quarter, compared to analyst estimates of $783.85 million. Research analysts anticipate that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post 1.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Controladora Vuela Compania de Aviacion during the third quarter worth approximately $648,000. Millennium Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter worth $3,139,000. Bank of America Corp DE boosted its holdings in shares of Controladora Vuela Compania de Aviacion by 144.6% during the third quarter. Bank of America Corp DE now owns 261,982 shares of the transportation company’s stock worth $1,881,000 after purchasing an additional 154,889 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion during the third quarter worth $146,000. Finally, Schonfeld Strategic Advisors LLC grew its position in shares of Controladora Vuela Compania de Aviacion by 127.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 58,177 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 32,596 shares during the period. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compania de Aviacion 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.