Controladora Vuela Compañía de Aviación (NYSE:VLRS) Coverage Initiated at Itau BBA Securities

Investment analysts at Itau BBA Securities began coverage on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $12.00 price target on the transportation company’s stock. Itau BBA Securities’ price objective suggests a potential upside of 54.54% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Barclays reiterated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. UBS Group lifted 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. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, TD Cowen lifted their price target 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.14.

Controladora Vuela Compañía de Aviación Price Performance

Shares of VLRS stock opened at $7.77 on Wednesday. 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 has a 12 month low of $5.15 and a 12 month high of $9.57. The firm has a market cap of $905.40 million, a price-to-earnings ratio of 4.68 and a beta of 2.45. The stock has a 50-day moving average price of $8.15 and a 200 day moving average price of $7.16.

Institutional Trading of Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp increased its position in Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after buying an additional 3,135 shares during the last quarter. Inspire Advisors LLC raised its holdings in Controladora Vuela Compañía de Aviación by 25.4% in the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 4,856 shares during the period. R Squared Ltd acquired a new stake in Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $68,000. Prudential Financial Inc. acquired a new stake in Controladora Vuela Compañía de Aviación during the 4th quarter worth approximately $79,000. Finally, Sei Investments Co. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at about $79,000. Institutional investors 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.