Controladora Vuela Compañía de Aviación (NYSE:VLRS) Stock Price Expected to Rise, UBS Group Analyst Says

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective boosted by UBS Group from $10.00 to $14.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective indicates a potential upside of 81.82% from the stock’s previous close.

Several other research analysts have also recently commented on the company. TD Cowen increased their price target on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Barclays reissued an “overweight” rating and set a $12.00 price target on shares of Controladora Vuela Compañía de Aviación in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.01.

Controladora Vuela Compañía de Aviación Stock Up 3.6 %

VLRS stock opened at $7.70 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.70 and a quick ratio of 0.69. The stock has a market capitalization of $897.80 million, a P/E ratio of 4.64 and a beta of 2.42. The business has a 50-day moving average of $7.84 and a 200-day moving average of $6.80. Controladora Vuela Compañía de Aviación has a fifty-two week low of $5.15 and a fifty-two week high of $9.57.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. During the same period in the prior year, the firm earned ($0.33) earnings per share. On average, sell-side analysts anticipate that Controladora Vuela Compañía de Aviación will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp increased its stake in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock worth $241,000 after purchasing an additional 3,135 shares during the period. Perpetual Ltd increased its stake in shares of Controladora Vuela Compañía de Aviación by 30.9% during the third 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 during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Controladora Vuela Compañía de Aviación during the second quarter worth approximately $1,338,000. BNP Paribas Financial Markets increased its stake in shares of Controladora Vuela Compañía de Aviación by 157.9% during the third quarter. BNP Paribas Financial Markets now owns 84,252 shares of the transportation company’s stock worth $533,000 after purchasing an additional 51,580 shares during the period. Finally, Centiva Capital LP bought a new position in shares of Controladora Vuela Compañía de Aviación during the third quarter worth approximately $320,000. Institutional investors 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.