Controladora Vuela Compania de Aviacion (NYSE:VLRS) Price Target Raised to $12.00 at Barclays

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective lifted by Barclays from $11.00 to $12.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 12.83% from the stock’s current price.

VLRS has been the topic of several other reports. Zacks Research upgraded Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reiterated 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. Finally, Bank of America raised their target price on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.32.

Controladora Vuela Compania de Aviacion Stock Up 1.6%

VLRS stock traded up $0.17 during midday trading on Tuesday, reaching $10.64. 783,762 shares of the company’s stock traded hands, compared to its average volume of 713,957. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73. Controladora Vuela Compania de Aviacion has a 52-week low of $3.49 and a 52-week high of $10.78. The stock’s 50-day moving average is $8.96 and its 200 day moving average is $7.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VLRS. Savant Capital LLC increased its holdings in shares of Controladora Vuela Compania de Aviacion by 143.3% in the fourth quarter. Savant Capital LLC now owns 26,177 shares of the transportation company’s stock worth $232,000 after purchasing an additional 15,416 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Controladora Vuela Compania de Aviacion by 295.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 177,945 shares of the transportation company’s stock worth $1,580,000 after acquiring an additional 132,973 shares in the last quarter. R Squared Ltd bought a new position in shares of Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $100,000. M&T Bank Corp bought a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter worth $1,219,000. Finally, Deltec Asset Management LLC bought a new position in Controladora Vuela Compania de Aviacion during the fourth quarter valued at $175,000. 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.