Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Rating of “Buy” from Analysts

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been given an average rating of “Buy” by the seven analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $13.14.

A number of equities analysts have weighed in on VLRS shares. Itau BBA Securities began coverage on Controladora Vuela Compañía de Aviación in a research report on Wednesday, February 12th. They set an “outperform” rating and a $12.00 price target for the company. UBS Group raised their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays restated an “overweight” rating and issued a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Controladora Vuela Compañía de Aviación Trading Up 4.8 %

NYSE VLRS opened at $8.11 on Monday. 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 stock’s 50-day moving average is $8.13 and its 200-day moving average is $7.18. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.57. The firm has a market cap of $946.09 million, a P/E ratio of 4.89 and a beta of 2.45.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors have recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at about $161,000. Tower Research Capital LLC TRC raised its position in shares of Controladora Vuela Compañía de Aviación by 34.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock valued at $48,000 after buying an additional 1,641 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Controladora Vuela Compañía de Aviación in the fourth quarter valued at approximately $153,000. Renaissance Group LLC grew its position in Controladora Vuela Compañía de Aviación by 33.7% during the fourth quarter. Renaissance Group LLC now owns 315,278 shares of the transportation company’s stock worth $2,346,000 after buying an additional 79,417 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Controladora Vuela Compañía de Aviación by 378.1% in the 4th quarter. Russell Investments Group Ltd. now owns 62,062 shares of the transportation company’s stock valued at $461,000 after acquiring an additional 49,080 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.