Controladora Vuela Compañía de Aviación (NYSE:VLRS) Trading Up 5.2% – What’s Next?

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised 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 research report on Tuesday. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 24th. Barclays restated an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, TD Cowen increased their target price on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $12.85.

Controladora Vuela Compañía de Aviación Trading Up 7.0 %

The business has a fifty day simple moving average of $6.76 and a 200-day simple moving average of $6.77. The firm has a market cap of $960.77 million, a price-to-earnings ratio of 4.64 and a beta of 2.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.19 by $0.13. The business had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter last year, the firm posted ($0.33) earnings per share. As a group, 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.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its holdings in Controladora Vuela Compañía de Aviación by 43.1% in the first quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after purchasing an additional 18,433 shares during the period. Capital Research Global Investors grew its stake 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 valued at $32,578,000 after acquiring an additional 1,372,624 shares during the period. American Century Companies Inc. increased its stake in Controladora Vuela Compañía de Aviación by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after buying an additional 5,461 shares in the last quarter. Insigneo Advisory Services LLC bought a new stake in Controladora Vuela Compañía de Aviación during the second quarter valued at about $64,000. Finally, Squarepoint Ops LLC lifted its position in shares of Controladora Vuela Compañía de Aviación by 207.3% in the second quarter. Squarepoint Ops LLC now owns 60,709 shares of the transportation company’s stock valued at $386,000 after acquiring an additional 40,955 shares in the last quarter. 53.32% of the stock is 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.