Controladora Vuela Compania de Aviacion (NYSE:VLRS) Reaches New 12-Month High – Time to Buy?

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.23 and last traded at $10.3770, with a volume of 452893 shares. The stock had previously closed at $9.73.

Wall Street Analysts Forecast Growth

VLRS has been the topic of several recent analyst reports. Barclays upgraded shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $9.00 to $11.00 in a research note on Friday, December 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price objective (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 14th. Zacks Research raised shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Finally, Bank of America increased their price target on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.22.

Controladora Vuela Compania de Aviacion Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73. The business’s fifty day moving average is $8.78 and its two-hundred day moving average is $7.20.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Inspire Investing LLC bought a new stake in shares of Controladora Vuela Compania de Aviacion during the second quarter worth approximately $55,000. Savant Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion during the 3rd quarter worth $77,000. R Squared Ltd bought a new stake in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at $100,000. Inspire Advisors LLC lifted its stake in shares of Controladora Vuela Compania de Aviacion by 44.7% in the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 7,929 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter worth $146,000. Institutional investors own 53.32% of the company’s stock.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.