Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives $8.22 Consensus Price Target from Analysts

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $8.2222.

VLRS has been the topic of a number of recent research reports. UBS Group raised their target price on Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wall Street Zen raised Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, October 8th. Citigroup cut shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th.

Controladora Vuela Compania de Aviacion Price Performance

Shares of Controladora Vuela Compania de Aviacion stock opened at $7.00 on Friday. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $9.00. The stock’s fifty day moving average is $6.55 and its 200 day moving average is $5.36. The stock has a market cap of $815.62 million, a P/E ratio of -25.91 and a beta of 2.02. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.68 and a current ratio of 0.69.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janney Capital Management LLC raised its holdings in Controladora Vuela Compania de Aviacion by 74.8% during the third quarter. Janney Capital Management LLC now owns 64,280 shares of the transportation company’s stock valued at $462,000 after acquiring an additional 27,504 shares during the period. HB Wealth Management LLC bought a new stake in Controladora Vuela Compania de Aviacion during the 3rd quarter valued at approximately $490,000. Inspire Investing LLC raised its stake in Controladora Vuela Compania de Aviacion by 20.7% during the 3rd quarter. Inspire Investing LLC now owns 13,921 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 2,389 shares during the period. Shay Capital LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $214,000. Finally, Jump Financial LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter valued at approximately $1,611,000. 53.32% of the stock is owned by institutional investors.

About Controladora Vuela Compania de Aviacion

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.