Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Up 5.2% – Still a Buy?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) rose 5.2% on Thursday . The stock traded as high as $8.12 and last traded at $8.10. Approximately 340,616 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 619,061 shares. The stock had previously closed at $7.70.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VLRS shares. JPMorgan Chase & Co. boosted their price target on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday. Barclays restated an “overweight” rating and issued a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. TD Cowen raised their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $12.85.

Controladora Vuela Compañía de Aviación Trading Down 1.3 %

The business’s 50 day moving average price is $6.85 and its two-hundred day moving average price is $6.77. 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 company has a market capitalization of $939.80 million, a price-to-earnings ratio of 4.86 and a beta of 2.43.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $795.89 million. During the same period in the prior year, the firm posted ($0.33) earnings per share. Equities analysts forecast that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several large investors have recently made changes to their positions in the business. Insigneo Advisory Services LLC bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter worth approximately $64,000. Aigen Investment Management LP acquired a new position in Controladora Vuela Compañía de Aviación in the third quarter worth approximately $92,000. MQS Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the third quarter valued at $108,000. Quadrature Capital Ltd acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at $130,000. Finally, Inspire Advisors LLC boosted its stake in shares of 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 in the last quarter. 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.