Brokerages Set Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) PT at $8.92

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have earned an average rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.22.

Several research analysts have recently weighed in on VLRS shares. Evercore ISI upped their price target on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.00 target price (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, October 8th. Bank of America upped their price objective on shares of 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. Finally, Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Savant Capital LLC purchased a new stake in Controladora Vuela Compania de Aviacion during the third quarter valued at about $77,000. Inspire Investing LLC bought a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter valued at about $55,000. Aquatic Capital Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 3rd quarter valued at about $146,000. Inspire Advisors LLC lifted its position in 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 worth $122,000 after buying an additional 7,929 shares during the last quarter. Finally, MMA Asset Management LLC bought a new stake in Controladora Vuela Compania de Aviacion in the 3rd quarter worth approximately $215,000. 53.32% of the stock is currently owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Price Performance

VLRS stock opened at $8.70 on Thursday. The firm has a 50 day moving average of $7.92 and a 200-day moving average of $6.70. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $9.99. The firm has a market capitalization of $1.01 billion, a P/E ratio of -16.12 and a beta of 1.89.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its earnings results on Monday, October 27th. The transportation company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. The business had revenue of $784.00 million for the quarter, compared to analyst estimates of $783.85 million. As a group, sell-side analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Controladora Vuela Compania de Aviacion Company Profile

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.