Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Rating Upgraded by StockNews.com

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

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of 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 upped their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. 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 report on Tuesday, October 22nd. Finally, Barclays reaffirmed 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. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $8.45 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The business has a 50-day simple moving average of $7.95 and a two-hundred day simple moving average of $6.88. The company has a market capitalization of $985.72 million, a P/E ratio of 5.09 and a beta of 2.42. Controladora Vuela Compañía de Aviación has a 52-week low of $5.15 and a 52-week high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (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 business had revenue of $813.00 million during the quarter, compared to the consensus estimate of $795.89 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share. Research analysts expect that Controladora Vuela Compañía de Aviación will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Insigneo Advisory Services LLC purchased a new position in Controladora Vuela Compañía de Aviación during the second quarter valued at approximately $64,000. Aigen Investment Management LP bought a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter worth $92,000. MQS Management LLC purchased a new stake in shares of Controladora Vuela Compañía de Aviación in the third quarter worth $108,000. Quadrature Capital Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $130,000. Finally, Inspire Advisors LLC grew its holdings in shares of Controladora Vuela Compañía de Aviación by 25.4% during the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock worth $152,000 after purchasing an additional 4,856 shares in the last quarter. 53.32% of the stock is currently owned by institutional investors.

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.