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

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

Several other research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley initiated coverage on Controladora Vuela Compañía de Aviación in a report on Friday, May 24th. They set an “overweight” rating and a $12.00 price target for the company. Barclays lifted their price objective on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. TD Cowen cut their target price on shares of Controladora Vuela Compañía de Aviación from $11.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $12.87.

Controladora Vuela Compañía de Aviación Stock Up 4.9 %

Shares of VLRS stock opened at $6.35 on Wednesday. The company has a market capitalization of $739.83 million, a price-to-earnings ratio of 6.54 and a beta of 2.47. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.72. The company’s fifty day moving average price is $6.91 and its 200-day moving average price is $7.50. Controladora Vuela Compañía de Aviación has a one year low of $5.52 and a one year high of $13.04.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings data on Monday, April 22nd. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.42. The firm had revenue of $768.00 million for the quarter, compared to analysts’ expectations of $685.84 million. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 53.49%. Sell-side analysts expect that Controladora Vuela Compañía de Aviación will post 0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors grew its stake in Controladora Vuela Compañía de Aviación by 45.5% in the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after purchasing an additional 1,372,624 shares in the last quarter. Par Capital Management Inc. grew its holdings in Controladora Vuela Compañía de Aviación by 3,928.4% during the 4th quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock worth $20,683,000 after acquiring an additional 2,150,263 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its position in Controladora Vuela Compañía de Aviación by 91.0% during the 1st quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock valued at $13,594,000 after purchasing an additional 872,764 shares during the period. WCM Investment Management LLC raised its holdings in shares of Controladora Vuela Compañía de Aviación by 3.9% in the 1st quarter. WCM Investment Management LLC now owns 1,745,219 shares of the transportation company’s stock valued at $12,950,000 after purchasing an additional 65,824 shares in the last quarter. Finally, Moneda S.A. Administradora General de Fondos lifted its position in shares of Controladora Vuela Compañía de Aviación by 11.2% in the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 1,152,956 shares of the transportation company’s stock worth $10,815,000 after purchasing an additional 116,299 shares during the period. 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.