Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Given Consensus Rating of “Buy” by Brokerages

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.88.

Several equities research analysts have weighed in on VLRS shares. StockNews.com cut Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup cut their target price on Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Itau BBA Securities started coverage on Controladora Vuela Compañía de Aviación in a research note on Wednesday, February 12th. They set an “outperform” rating and a $12.00 target price for the company. Finally, UBS Group upped their target price on 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.

Controladora Vuela Compañía de Aviación Trading Down 0.8 %

Shares of NYSE:VLRS opened at $5.34 on Friday. The company has a market capitalization of $622.05 million, a P/E ratio of 3.21 and a beta of 2.48. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.57. 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 business’s 50 day simple moving average is $7.63 and its 200 day simple moving average is $7.31.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its quarterly earnings results on Monday, February 24th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.16). The company had revenue of $835.00 million for the quarter, compared to analyst estimates of $709.48 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. On average, research analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in Controladora Vuela Compañía de Aviación by 34.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,396 shares of the transportation company’s stock worth $48,000 after purchasing an additional 1,641 shares during the last quarter. R Squared Ltd bought a new position in Controladora Vuela Compañía de Aviación during the 4th quarter worth $68,000. Prudential Financial Inc. bought a new position in Controladora Vuela Compañía de Aviación during the 4th quarter worth $79,000. Sei Investments Co. bought a new position in Controladora Vuela Compañía de Aviación during the 4th quarter worth $79,000. Finally, Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter worth $92,000. 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.