Controladora Vuela Compañía de Aviación (NYSE:VLRS) Cut to “Buy” at StockNews.com

Controladora Vuela Compañía de Aviación (NYSE:VLRS) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Several other equities research analysts also recently commented on the company. TD Cowen boosted their target price on 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. JPMorgan Chase & Co. boosted 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. UBS Group boosted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Barclays reissued an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of “Buy” and a consensus price target of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

VLRS opened at $8.90 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.57. The stock has a market capitalization of $1.04 billion, a PE ratio of 5.36 and a beta of 2.42. The stock’s 50 day moving average price is $8.01 and its 200-day moving average price is $6.95.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Perpetual Ltd lifted its holdings in Controladora Vuela Compañía de Aviación by 30.9% in the third quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after acquiring an additional 105,570 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Controladora Vuela Compañía de Aviación in the second quarter valued at about $1,338,000. American Century Companies Inc. lifted its holdings in Controladora Vuela Compañía de Aviación by 2.7% in the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after acquiring an additional 5,461 shares during the period. BNP Paribas Financial Markets lifted its holdings in Controladora Vuela Compañía de Aviación by 157.9% in the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after acquiring an additional 51,580 shares during the period. Finally, AQR Capital Management LLC bought a new position in Controladora Vuela Compañía de Aviación in the second quarter valued at about $408,000. Institutional investors own 53.32% of the company’s stock.

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.