Bradesco Corretora reissued their neutral rating on shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) in a research report released on Tuesday morning, BenzingaRatingsTable reports. They currently have a $11.00 target price on the transportation company’s stock.

A number of other equities research analysts have also weighed in on VLRS. ValuEngine lowered shares of Controladora Vuela Co Avcn SA CV from a sell rating to a strong sell rating in a report on Thursday, August 1st. Barclays raised shares of Controladora Vuela Co Avcn SA CV from an equal weight rating to an overweight rating in a report on Monday, July 29th. Citigroup set a $12.00 price objective on shares of Controladora Vuela Co Avcn SA CV and gave the company a buy rating in a report on Monday, July 15th. UBS Group raised shares of Controladora Vuela Co Avcn SA CV from a neutral rating to a buy rating in a report on Tuesday, June 18th. Finally, Zacks Investment Research raised shares of Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating and set a $11.00 price objective on the stock in a report on Friday, July 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $10.64.

Shares of VLRS opened at $10.19 on Tuesday. The firm has a market capitalization of $1.02 billion, a PE ratio of -29.11 and a beta of 1.24. The company has a debt-to-equity ratio of 8.46, a current ratio of 0.71 and a quick ratio of 0.69. Controladora Vuela Co Avcn SA CV has a 1-year low of $5.15 and a 1-year high of $10.99. The company’s fifty day moving average price is $9.31 and its 200-day moving average price is $9.30.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last announced its quarterly earnings data on Thursday, July 25th. The transportation company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $412.00 million. Controladora Vuela Co Avcn SA CV had a net margin of 3.32% and a return on equity of 15.86%. As a group, research analysts anticipate that Controladora Vuela Co Avcn SA CV will post 0.99 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in Controladora Vuela Co Avcn SA CV by 566.2% in the second quarter. Wells Fargo & Company MN now owns 3,944 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 3,352 shares during the last quarter. Aperio Group LLC purchased a new stake in Controladora Vuela Co Avcn SA CV in the second quarter valued at $44,000. Advisors Preferred LLC purchased a new stake in Controladora Vuela Co Avcn SA CV in the second quarter valued at $50,000. Northern Trust Corp boosted its holdings in Controladora Vuela Co Avcn SA CV by 3.1% in the second quarter. Northern Trust Corp now owns 191,184 shares of the transportation company’s stock valued at $1,793,000 after purchasing an additional 5,691 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Controladora Vuela Co Avcn SA CV in the second quarter valued at $113,000.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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Analyst Recommendations for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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