Controladora Vuela Co Avcn SA CV (NYSE:VLRS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday. The brokerage currently has a $9.25 target price on the transportation company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 17.53% from the stock’s previous close.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

Other equities research analysts have also recently issued reports about the stock. Santander upgraded shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a report on Friday, July 27th. TheStreet upgraded shares of Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c-” rating in a report on Friday, July 27th. Barclays reduced their price objective on shares of Controladora Vuela Co Avcn SA CV from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, July 12th. Imperial Capital raised their price target on shares of Controladora Vuela Co Avcn SA CV from $5.00 to $7.00 and gave the company an “inline” rating in a research report on Tuesday, July 24th. Finally, ValuEngine raised shares of Controladora Vuela Co Avcn SA CV from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.32.

NYSE VLRS traded up $0.15 during mid-day trading on Tuesday, reaching $7.87. 51,765 shares of the stock were exchanged, compared to its average volume of 421,415. Controladora Vuela Co Avcn SA CV has a one year low of $4.87 and a one year high of $12.30. The company has a market capitalization of $700.56 million, a PE ratio of -26.20 and a beta of 0.23.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last announced its earnings results on Friday, July 20th. The transportation company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17. Controladora Vuela Co Avcn SA CV had a net margin of 0.68% and a return on equity of 1.80%. The business had revenue of $314.00 million during the quarter, compared to the consensus estimate of $330.00 million. analysts anticipate that Controladora Vuela Co Avcn SA CV will post -0.47 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in Controladora Vuela Co Avcn SA CV by 86,859.0% during the second quarter. Bank of America Corp DE now owns 3,297,485 shares of the transportation company’s stock valued at $16,751,000 after acquiring an additional 3,293,693 shares in the last quarter. Mycio Wealth Partners LLC grew its stake in Controladora Vuela Co Avcn SA CV by 101.1% in the 2nd quarter. Mycio Wealth Partners LLC now owns 32,256 shares of the transportation company’s stock worth $164,000 after buying an additional 16,218 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Controladora Vuela Co Avcn SA CV in the 2nd quarter valued at $145,000.

Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compañía de Aviación SAB de CV is a holding company, which engages in the provision of air transportation services. Its services include air travel-related services; revenues from non-air-travel related services; and cargo services. It also provides ground transportation; courier and shipping; and payment services.

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