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

Controladora Vuela Compania de Aviacion (NYSE:VLRS) had its target price increased by stock analysts at Barclays from $11.00 to $12.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target would suggest a potential upside of 17.70% from the company’s previous close.

Several other brokerages have also recently commented on VLRS. Bank of America upped their target price on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the company a “buy” rating in a report on Monday, December 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 21st. Zacks Research raised shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $11.00 price objective (up from $9.50) on shares of Controladora Vuela Compania de Aviacion in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Controladora Vuela Compania de Aviacion currently has a consensus rating of “Moderate Buy” and an average target price of $9.02.

Controladora Vuela Compania de Aviacion Price Performance

Shares of VLRS opened at $10.20 on Tuesday. Controladora Vuela Compania de Aviacion has a 12 month low of $3.49 and a 12 month high of $10.80. The stock’s 50-day moving average price is $9.07 and its two-hundred day moving average price is $7.38. The company has a quick ratio of 0.66, a current ratio of 0.67 and a debt-to-equity ratio of 1.73.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VLRS. Savant Capital LLC grew its holdings in shares of Controladora Vuela Compania de Aviacion by 143.3% during the fourth quarter. Savant Capital LLC now owns 26,177 shares of the transportation company’s stock valued at $232,000 after buying an additional 15,416 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in Controladora Vuela Compania de Aviacion by 295.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 177,945 shares of the transportation company’s stock valued at $1,580,000 after purchasing an additional 132,973 shares during the last quarter. R Squared Ltd bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter worth approximately $100,000. M&T Bank Corp purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the fourth quarter worth approximately $1,219,000. Finally, Deltec Asset Management LLC bought a new position in shares of Controladora Vuela Compania de Aviacion in the fourth quarter valued at approximately $175,000. 53.32% of the stock is owned by 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.