JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target upped by investment analysts at JPMorgan Chase & Co. from $16.50 to $17.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 120.78% from the stock’s previous close.

A number of other equities analysts have also weighed in on VLRS. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Barclays reissued an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. Finally, TD Cowen boosted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación currently has a consensus rating of “Buy” and an average target price of $12.85.

Controladora Vuela Compañía de Aviación Stock Down 0.1 %

Controladora Vuela Compañía de Aviación stock opened at $7.70 on Tuesday. The stock has a market capitalization of $897.80 million, a PE ratio of 4.64 and a beta of 2.43. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.67. The business has a 50 day simple moving average of $6.72 and a 200-day simple moving average of $6.76. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. During the same period in the previous year, the business earned ($0.33) earnings per share. On average, analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.12 EPS for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds have recently added to or reduced their stakes in the stock. Inspire Advisors LLC lifted its position in Controladora Vuela Compañía de Aviación by 25.4% during the 3rd quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after acquiring an additional 4,856 shares during the period. American Century Companies Inc. lifted its holdings in shares of Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock valued at $1,325,000 after buying an additional 5,461 shares during the period. Insigneo Advisory Services LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at approximately $64,000. Aigen Investment Management LP acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $92,000. Finally, MQS Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at approximately $108,000. 53.32% of the stock is owned by institutional investors and hedge funds.

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.