Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.92.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Bank of America boosted their price objective on shares of Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a research report on Monday, December 22nd. Evercore ISI upped their price objective on shares of Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, October 8th. Finally, Barclays upgraded shares of Controladora Vuela Compania de Aviacion from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $9.00 to $11.00 in a research report on Friday, December 19th.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of NYSE:VLRS opened at $9.27 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73. The company has a 50-day moving average price of $7.65 and a 200-day moving average price of $6.53. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -17.16 and a beta of 1.89. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $9.99.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last released its quarterly earnings results on Monday, October 27th. The transportation company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.08. The business had revenue of $784.00 million during the quarter, compared to analyst estimates of $783.85 million. Controladora Vuela Compania de Aviacion had a negative return on equity of 20.74% and a negative net margin of 2.07%. As a group, equities analysts anticipate that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VLRS. Inspire Investing LLC purchased a new position in shares of Controladora Vuela Compania de Aviacion in the 2nd quarter valued at approximately $55,000. Savant Capital LLC purchased a new stake in Controladora Vuela Compania de Aviacion in the third quarter worth $77,000. Inspire Advisors LLC grew its stake in Controladora Vuela Compania de Aviacion by 44.7% in the second quarter. Inspire Advisors LLC now owns 25,681 shares of the transportation company’s stock worth $122,000 after purchasing an additional 7,929 shares during the period. Aquatic Capital Management LLC bought a new position in Controladora Vuela Compania de Aviacion in the third quarter worth $146,000. Finally, Shay Capital LLC purchased a new position in Controladora Vuela Compania de Aviacion during the second quarter valued at $214,000. Institutional investors own 53.32% of the company’s stock.

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.