Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm currently has a $17.00 price target on the transportation company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 9.75% from the company’s current price.

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. “

A number of other research firms have also commented on VLRS. HSBC Holdings plc upgraded Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “reduce” rating to a “hold” rating in a research report on Wednesday, April 5th. UBS AG lowered Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 31st. Deutsche Bank AG lowered Controladora Vuela Compania de Aviacion, S.A.B. de C.V. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $17.00 to $14.00 in a research report on Thursday, April 20th. Imperial Capital initiated coverage on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in a research report on Thursday, June 29th. They issued an “outperform” rating and a $18.00 price objective on the stock. Finally, Barclays PLC set a $17.00 price objective on Controladora Vuela Compania de Aviacion, S.A.B. de C.V. and gave the company a “buy” rating in a research report on Monday, April 10th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.25.

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) traded down 0.77% on Thursday, reaching $15.37. The company’s stock had a trading volume of 111,166 shares. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. has a 52 week low of $11.33 and a 52 week high of $20.03. The stock has a 50-day moving average of $14.53 and a 200 day moving average of $13.74. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 17.87 and a beta of 0.01.

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) last released its quarterly earnings results on Thursday, April 20th. The transportation company reported ($0.71) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by $0.47. The business had revenue of $301 million for the quarter. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. had a return on equity of 14.76% and a net margin of 6.18%. On average, analysts expect that Controladora Vuela Compania de Aviacion, S.A.B. de C.V. will post ($0.01) EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teewinot Capital Advisers L.L.C. raised its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 195.8% in the first quarter. Teewinot Capital Advisers L.L.C. now owns 851,973 shares of the transportation company’s stock worth $11,877,000 after buying an additional 563,973 shares during the last quarter. Hodges Capital Management Inc. raised its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 14.6% in the first quarter. Hodges Capital Management Inc. now owns 2,958,160 shares of the transportation company’s stock worth $41,237,000 after buying an additional 377,360 shares during the last quarter. Soros Fund Management LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth approximately $3,527,000. Baltimore Capital Management Inc. purchased a new position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. during the first quarter worth approximately $3,314,000. Finally, Wellington Management Group LLP raised its position in shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. by 129.5% in the first quarter. Wellington Management Group LLP now owns 371,859 shares of the transportation company’s stock worth $5,184,000 after buying an additional 209,853 shares during the last quarter.

About Controladora Vuela Compania de Aviacion, S.A.B. de C.V.

Controladora Vuela Compania de Aviacion SAB de CV (Volaris Aviation Holding Company) is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct, point-to-point flights.

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Analyst Recommendations for Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS)

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