Controladora Vuela Co Avcn SA CV Trading Up 2.1% After Analyst Upgrade (VLRS)
Controladora Vuela Co Avcn SA CV (NASDAQ:VLRS) shares traded up 2.1% during mid-day trading on Monday after Cowen and Company raised their price target on the stock from $9.00 to $10.00, Stock Ratings Network.com reports. Cowen and Company currently has an outperform rating on the stock. Controladora Vuela Co Avcn SA CV traded as high as $8.91 and last traded at $8.80, with a volume of 214,049 shares trading hands. The stock had previously closed at $8.62.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Controladora Vuela Co Avcn SA CV from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $9.70 price target on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.90.
The stock’s 50-day moving average is $8.6 and its 200-day moving average is $9.09. The company’s market cap is $885.3 million.
Controladora Vuela Co Avcn SA CV (NASDAQ:VLRS) last released its earnings data on Monday, July 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.02. Analysts expect that Controladora Vuela Co Avcn SA CV will post $0.09 EPS for the current fiscal year.
Controladora Vuela Compania de Aviacion SAB de CV (NASDAQ:VLRS) is a Mexico-based company principally engaged in the airline passenger transportation industry.
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