Controladora Vuela Compania de Aviacion (NYSE:VLRS) Stock Price Expected to Rise, Bank of America Analyst Says

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its target price upped by analysts at Bank of America from $9.50 to $11.20 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective points to a potential upside of 21.53% from the stock’s current price.

VLRS has been the topic of a number of other reports. Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Evercore ISI increased their target price on Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Barclays upgraded Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $9.00 to $11.00 in a report on Friday, December 19th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.92.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of VLRS opened at $9.22 on Monday. Controladora Vuela Compania de Aviacion has a 1 year low of $3.49 and a 1 year high of $9.99. The stock has a market capitalization of $1.07 billion, a PE ratio of -17.07 and a beta of 1.95. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. The stock has a 50-day simple moving average of $7.17 and a 200-day simple moving average of $6.19.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last issued its earnings results on Monday, October 27th. The transportation company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.08. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. The firm had revenue of $784.00 million for the quarter, compared to analysts’ expectations of $783.85 million. On average, analysts predict that Controladora Vuela Compania de Aviacion will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Controladora Vuela Compania de Aviacion

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Savant Capital LLC acquired a new stake in Controladora Vuela Compania de Aviacion in the third quarter valued at about $77,000. Inspire Investing LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion during the 2nd quarter worth approximately $55,000. Aquatic Capital Management LLC acquired a new stake in shares of Controladora Vuela Compania de Aviacion in the 3rd quarter valued at approximately $146,000. Inspire Advisors LLC lifted its holdings in shares of Controladora Vuela Compania de Aviacion by 44.7% in the 2nd quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock valued at $122,000 after buying an additional 7,929 shares during the period. Finally, MMA Asset Management LLC purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the third quarter valued at approximately $215,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

About Controladora Vuela Compania de Aviacion

Controladora Vuela Compañia de Aviacion, SAB de CV (NYSE: VLRS) is a Mexico-based airline holding company whose primary business is the operation of low-cost scheduled air transportation services. Through its principal operating subsidiary, Volaris, the company provides passenger and cargo flights on domestic and international routes. Its business model emphasizes unbundled ancillary services and point-to-point operations designed to offer competitive fares across its network.

Volaris serves more than 120 routes linking major metropolitan areas and secondary cities in Mexico, the United States and Central America.