Controladora Vuela Compania de Aviacion (NYSE:VLRS) Hits New 52-Week High Following Analyst Upgrade

Shares of Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) hit a new 52-week high during mid-day trading on Wednesday after Barclays raised their price target on the stock from $11.00 to $12.00. Barclays currently has an overweight rating on the stock. Controladora Vuela Compania de Aviacion traded as high as $10.80 and last traded at $10.1950, with a volume of 280663 shares. The stock had previously closed at $10.63.

Other equities analysts have also issued reports about the company. Bank of America raised their price target on Controladora Vuela Compania de Aviacion from $9.50 to $11.20 and gave the stock a “buy” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $11.00 target price (up previously from $9.50) on shares of Controladora Vuela Compania de Aviacion in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, January 21st. Finally, Zacks Research raised shares of Controladora Vuela Compania de Aviacion from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.02.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VLRS. HRT Financial LP purchased a new stake in shares of Controladora Vuela Compania de Aviacion in the 4th quarter worth about $168,000. Savant Capital LLC raised its stake in Controladora Vuela Compania de Aviacion by 143.3% in the fourth quarter. Savant Capital LLC now owns 26,177 shares of the transportation company’s stock worth $232,000 after buying an additional 15,416 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its stake in Controladora Vuela Compania de Aviacion by 295.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 177,945 shares of the transportation company’s stock worth $1,580,000 after buying an additional 132,973 shares in the last quarter. R Squared Ltd purchased a new stake in Controladora Vuela Compania de Aviacion in the fourth quarter worth about $100,000. Finally, M&T Bank Corp bought a new stake in Controladora Vuela Compania de Aviacion during the 4th quarter valued at approximately $1,219,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Trading Down 0.6%

The company has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $7.40. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 1.73.

Controladora Vuela Compania de Aviacion Company Profile

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.