Controladora Vuela Compañía de Aviación (NYSE:VLRS) Shares Gap Up to $7.97

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) gapped up before the market opened on Friday . The stock had previously closed at $7.97, but opened at $8.16. Controladora Vuela Compañía de Aviación shares last traded at $7.93, with a volume of 38,781 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on VLRS. JPMorgan Chase & Co. lifted their price target on Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen cut their price target on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Barclays lifted their price target on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. StockNews.com raised Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $13.01.

Controladora Vuela Compañía de Aviación Price Performance

The company has a fifty day moving average of $7.91 and a 200 day moving average of $7.90. The firm has a market capitalization of $687.40 million, a P/E ratio of 8.22 and a beta of 2.49. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.72.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its earnings results on Monday, April 22nd. The transportation company reported $0.29 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.42. Controladora Vuela Compañía de Aviación had a return on equity of 54.46% and a net margin of 3.40%. The business had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $685.84 million. Sell-side analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 0.37 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Controladora Vuela Compañía de Aviación during the fourth quarter worth approximately $43,000. EverSource Wealth Advisors LLC raised its position in Controladora Vuela Compañía de Aviación by 174.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5,229 shares of the transportation company’s stock valued at $49,000 after buying an additional 3,324 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Controladora Vuela Compañía de Aviación in the 3rd quarter valued at $83,000. Vanguard Personalized Indexing Management LLC raised its position in Controladora Vuela Compañía de Aviación by 14.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,174 shares of the transportation company’s stock valued at $96,000 after buying an additional 1,759 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Controladora Vuela Compañía de Aviación in the 4th quarter valued at $169,000. 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.