Controladora Vuela Compañía de Aviación (NYSE:VLRS) Coverage Initiated at Morgan Stanley

Morgan Stanley began coverage on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a research note issued to investors on Friday, Marketbeat reports. The firm issued an overweight rating and a $12.00 target price on the transportation company’s stock.

Several other analysts have also recently weighed in on VLRS. Barclays upped their price objective on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the stock an overweight rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a hold rating to a buy rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their price objective on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an overweight rating in a research note on Tuesday. TD Cowen cut their target price on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an outperform rating on the stock in a report on Thursday, February 29th. Finally, The Goldman Sachs Group cut their target price on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a buy rating on the stock in a report on Friday, January 26th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $13.01.

Controladora Vuela Compañía de Aviación Stock Down 1.5 %

Shares of NYSE VLRS traded down $0.12 during midday trading on Friday, reaching $7.85. 339,040 shares of the company’s stock were exchanged, compared to its average volume of 411,082. Controladora Vuela Compañía de Aviación has a 52-week low of $5.52 and a 52-week high of $15.05. The stock has a market capitalization of $689.15 million, a PE ratio of 8.09 and a beta of 2.49. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.72 and a current ratio of 0.73. The business’s fifty day moving average price is $7.93 and its two-hundred day moving average price is $7.91.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VLRS. Par Capital Management Inc. increased its holdings in shares of Controladora Vuela Compañía de Aviación by 3,928.4% during the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock worth $20,683,000 after purchasing an additional 2,150,263 shares during the period. 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 acquiring 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 2,264.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock worth $8,998,000 after acquiring an additional 918,776 shares in the last quarter. WCM Investment Management LLC boosted its position in Controladora Vuela Compañía de Aviación by 51.4% in the fourth quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock valued at $15,971,000 after buying an additional 570,449 shares in the last quarter. Finally, Fiera Capital Corp acquired a new stake in Controladora Vuela Compañía de Aviación in the third quarter valued at approximately $3,764,000. 53.32% of the stock is owned by 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.