Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Cut to $10.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its target price decreased by TD Cowen from $11.00 to $10.00 in a research report sent to investors on Wednesday, MarketBeat reports. TD Cowen currently has a buy rating on the transportation company’s stock.

Other analysts have also issued research reports about the stock. Morgan Stanley began coverage on shares of Controladora Vuela Compañía de Aviación in a research report on Friday, May 24th. They set an overweight rating and a $12.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the company a buy rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Controladora Vuela Compañía de Aviación from $17.50 to $18.00 and gave the company an overweight rating in a research report on Tuesday, May 21st. Finally, Barclays raised their price target on shares of Controladora Vuela Compañía de Aviación from $9.00 to $12.00 and gave the company an overweight rating in a research report on Wednesday, April 24th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and an average target price of $12.87.

Controladora Vuela Compañía de Aviación Trading Down 2.7 %

Shares of Controladora Vuela Compañía de Aviación stock opened at $6.21 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.72. The firm has a fifty day moving average price of $7.10 and a 200 day moving average price of $7.56. Controladora Vuela Compañía de Aviación has a 1 year low of $5.52 and a 1 year high of $13.98. The stock has a market cap of $724.09 million, a PE ratio of 6.40 and a beta of 2.47.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last issued its earnings results 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 net margin of 3.40% and a return on equity of 54.46%. The firm had revenue of $768.00 million during the quarter, compared to analysts’ expectations of $685.84 million. Equities research analysts predict that Controladora Vuela Compañía de Aviación will post 0.68 earnings per share for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors have recently modified their holdings of VLRS. Par Capital Management Inc. grew its position in shares of Controladora Vuela Compañía de Aviación by 3,928.4% in the fourth quarter. Par Capital Management Inc. now owns 2,205,000 shares of the transportation company’s stock valued at $20,683,000 after purchasing an additional 2,150,263 shares during the period. Capital Research Global Investors grew its position in shares of Controladora Vuela Compañía de Aviación by 45.5% in the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after purchasing an additional 1,372,624 shares during the period. ANTIPODES PARTNERS Ltd grew its position in shares of Controladora Vuela Compañía de Aviación by 2,264.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock valued at $8,998,000 after purchasing an additional 918,776 shares during the period. WCM Investment Management LLC grew its position in shares of 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 purchasing an additional 570,449 shares during the period. Finally, Moneda S.A. Administradora General de Fondos grew its position in shares of Controladora Vuela Compañía de Aviación by 11.2% in the fourth quarter. Moneda S.A. Administradora General de Fondos now owns 1,152,956 shares of the transportation company’s stock valued at $10,815,000 after purchasing an additional 116,299 shares during the period. Institutional investors and hedge funds own 53.32% of the company’s stock.

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.