Brokerages Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Target Price at $13.01

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has been given an average rating of “Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have covered the stock in the last year is $13.01.

A number of equities research analysts recently weighed in on VLRS shares. UBS Group boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Barclays reaffirmed an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. TD Cowen upped their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 9.0% in the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock valued at $241,000 after buying an additional 3,135 shares during the period. Perpetual Ltd boosted its holdings in Controladora Vuela Compañía de Aviación by 30.9% during the third 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. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Controladora Vuela Compañía de Aviación during the second quarter worth $1,338,000. BNP Paribas Financial Markets boosted its holdings in Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after purchasing an additional 51,580 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Controladora Vuela Compañía de Aviación during the third quarter worth $320,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación Stock Performance

Shares of VLRS opened at $8.92 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The company has a market capitalization of $1.04 billion, a PE ratio of 5.37 and a beta of 2.42. The company’s fifty day moving average price is $8.07 and its 200 day moving average price is $6.99. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.57.

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.