TD Cowen Increases Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $13.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target lifted by investment analysts at TD Cowen from $10.00 to $13.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 83.88% from the company’s current price.

Separately, StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.02.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS opened at $7.07 on Tuesday. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.67. The company has a market cap of $824.35 million, a P/E ratio of 7.29 and a beta of 2.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The stock’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $6.81.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 49.54% and a net margin of 3.58%. The firm 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 company earned ($0.33) earnings per share. As a group, sell-side analysts forecast that Controladora Vuela Compañía de Aviación will post 0.92 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Hedge funds have recently modified their holdings of the stock. Capital Research Global Investors grew its stake in Controladora Vuela Compañía de Aviación by 45.5% in the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after buying an additional 1,372,624 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its position in shares of Controladora Vuela Compañía de Aviación by 91.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock valued at $13,594,000 after purchasing an additional 872,764 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter worth approximately $1,338,000. Perpetual Ltd lifted its holdings in Controladora Vuela Compañía de Aviación by 30.9% during the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock worth $2,829,000 after purchasing an additional 105,570 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in Controladora Vuela Compañía de Aviación in the 2nd quarter valued at $408,000. 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.