Evercore ISI Forecasts Strong Price Appreciation for Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its price objective hoisted by Evercore ISI from $9.00 to $12.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group lowered their price target on shares of Controladora Vuela Compania de Aviacion from $9.60 to $8.60 and set a “buy” rating for the company in a report on Tuesday, June 10th. Citigroup downgraded shares of Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Friday, August 22nd. Wall Street Zen raised shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Barclays raised their price objective on shares of Controladora Vuela Compania de Aviacion from $4.50 to $5.50 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Finally, UBS Group raised their price objective on shares of Controladora Vuela Compania de Aviacion from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.06.

Controladora Vuela Compania de Aviacion Stock Down 4.7%

Shares of NYSE:VLRS opened at $6.85 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.68 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 $9.00. The company has a 50-day moving average price of $6.12 and a 200 day moving average price of $5.16. The company has a market cap of $798.13 million, a price-to-earnings ratio of -25.35 and a beta of 2.01.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last announced its quarterly earnings results on Monday, July 21st. The transportation company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.21. Controladora Vuela Compania de Aviacion had a negative net margin of 1.03% and a negative return on equity of 9.89%. The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $664.01 million. During the same quarter last year, the firm earned $0.09 EPS. As a group, equities research analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current year.

Hedge Funds Weigh In On Controladora Vuela Compania de Aviacion

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in shares of Controladora Vuela Compania de Aviacion by 5.9% during the first quarter. Acadian Asset Management LLC now owns 1,268,133 shares of the transportation company’s stock worth $6,610,000 after acquiring an additional 71,163 shares during the period. AQR Capital Management LLC increased its position in shares of Controladora Vuela Compania de Aviacion by 322.5% during the first quarter. AQR Capital Management LLC now owns 1,280,268 shares of the transportation company’s stock worth $6,683,000 after acquiring an additional 977,249 shares during the period. Moneda S.A. Administradora General de Fondos increased its position in shares of Controladora Vuela Compania de Aviacion by 5.3% during the first quarter. Moneda S.A. Administradora General de Fondos now owns 294,457 shares of the transportation company’s stock worth $1,537,000 after acquiring an additional 14,725 shares during the period. American Century Companies Inc. increased its position in shares of Controladora Vuela Compania de Aviacion by 4.1% during the first quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company’s stock worth $1,429,000 after acquiring an additional 10,706 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Controladora Vuela Compania de Aviacion by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company’s stock worth $373,000 after acquiring an additional 7,088 shares during the period. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compania de Aviacion

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.