Controladora Vuela Compañía de Aviación (NYSE:VLRS) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) from a strong-buy rating to a buy rating in a report released on Thursday.

Several other research firms have also issued reports on VLRS. UBS Group increased 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. TD Cowen increased their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective 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, November 12th. Finally, Barclays reiterated an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Controladora Vuela Compañía de Aviación presently has a consensus rating of “Buy” and a consensus target price of $13.01.

Controladora Vuela Compañía de Aviación Stock Up 0.6 %

NYSE:VLRS opened at $8.92 on Thursday. Controladora Vuela Compañía de Aviación has a 52 week low of $5.15 and a 52 week high of $9.57. The stock’s fifty day moving average is $8.07 and its two-hundred day moving average is $6.99. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 5.37 and a beta of 2.42. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VLRS. Insigneo Advisory Services LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación in the 2nd quarter valued at $64,000. R Squared Ltd acquired a new stake in Controladora Vuela Compañía de Aviación in the fourth quarter valued at $68,000. Aigen Investment Management LP purchased a new stake in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $92,000. MQS Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $108,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $130,000. Institutional investors and hedge funds 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.