Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Raised to $17.00 at JPMorgan Chase & Co.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target boosted by JPMorgan Chase & Co. from $16.50 to $17.00 in a research report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Other equities analysts have also issued research reports about the stock. Barclays reiterated 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. StockNews.com raised Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. Finally, TD Cowen lifted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and an average target price of $12.85.

Controladora Vuela Compañía de Aviación Price Performance

VLRS stock opened at $8.06 on Tuesday. The firm has a market cap of $939.80 million, a P/E ratio of 4.93 and a beta of 2.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. Controladora Vuela Compañía de Aviación has a 1 year low of $5.15 and a 1 year high of $9.67. The stock has a 50-day simple moving average of $6.81 and a 200-day simple moving average of $6.78.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VLRS. XTX Topco Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at approximately $212,000. Stifel Financial Corp increased its stake 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 valued at $241,000 after purchasing an additional 3,135 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the third quarter worth $130,000. Centiva Capital LP acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $320,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 157.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock valued at $533,000 after buying an additional 51,580 shares during the period. Institutional investors own 53.32% of the company’s stock.

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.