Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been given a consensus rating of “Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $13.18.

VLRS has been the subject of several recent research reports. StockNews.com raised Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group lowered their price objective on Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a “buy” rating for the company in a research note on Friday, January 26th. JPMorgan Chase & Co. upped their price objective on Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday. Barclays upped their price objective on Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Finally, TD Cowen lowered their price objective on Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th.

Controladora Vuela Compañía de Aviación Stock Up 1.8 %

Shares of NYSE VLRS opened at $8.35 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.38. The company has a market cap of $733.05 million, a price-to-earnings ratio of 8.61 and a beta of 2.49. Controladora Vuela Compañía de Aviación has a 12 month low of $5.52 and a 12 month high of $15.05. The stock has a 50-day moving average price of $7.90 and a two-hundred day moving average price of $7.90.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results on Monday, April 22nd. The transportation company reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.42. The firm had revenue of $768.00 million during the quarter, compared to the consensus estimate of $685.84 million. Controladora Vuela Compañía de Aviación had a return on equity of 54.46% and a net margin of 3.40%. As a group, analysts forecast that Controladora Vuela Compañía de Aviación will post 0.37 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its holdings 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 buying an additional 1,372,624 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings 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 buying an additional 872,764 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 43.1% during the 1st quarter. BNP Paribas Financial Markets now owns 61,183 shares of the transportation company’s stock worth $454,000 after buying an additional 18,433 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of Controladora Vuela Compañía de Aviación by 3.9% during the 1st quarter. WCM Investment Management LLC now owns 1,745,219 shares of the transportation company’s stock worth $12,950,000 after buying an additional 65,824 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación during the 1st quarter worth approximately $211,000. 53.32% of the stock is currently owned by institutional investors.

About Controladora Vuela Compañía de Aviación

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.