Controladora Vuela Compañía de Aviación (NYSE:VLRS) Receives “Overweight” Rating from Barclays

Controladora Vuela Compañía de Aviación (NYSE:VLRS)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a report released on Thursday, Benzinga reports. They currently have a $12.00 price objective on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 69.73% from the company’s previous close.

A number of other research analysts have also recently commented on VLRS. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. TD Cowen boosted their price objective on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $13.02.

Controladora Vuela Compañía de Aviación Trading Down 1.4 %

Shares of Controladora Vuela Compañía de Aviación stock opened at $7.07 on Thursday. The firm’s 50 day simple moving average is $6.25 and its two-hundred day simple moving average is $6.81. The firm has a market capitalization of $824.36 million, a price-to-earnings ratio of 4.26 and a beta of 2.46. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. Controladora Vuela Compañía de Aviación has a 12-month low of $5.15 and a 12-month high of $9.67.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.19 by $0.13. The company had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. During the same quarter last year, the business earned ($0.33) earnings per share. Analysts predict that Controladora Vuela Compañía de Aviación will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Several institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors boosted its position in shares of Controladora Vuela Compañía de Aviación by 45.5% during the 1st 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. ANTIPODES PARTNERS Ltd boosted its position in shares of 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 worth $13,594,000 after purchasing an additional 872,764 shares in the last quarter. Perpetual Ltd boosted its position in shares of Controladora Vuela Compañía de Aviación by 30.9% during the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock worth $2,829,000 after purchasing an additional 105,570 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth $1,338,000. Finally, American Century Companies Inc. boosted its position in shares of Controladora Vuela Compañía de Aviación by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after purchasing an additional 5,461 shares in the last quarter. 53.32% of the stock is currently owned by hedge funds and other 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.