Barclays Reiterates Buy Rating for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

Barclays reaffirmed their buy rating on shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) in a report issued on Tuesday morning, AnalystRatings.com reports. The brokerage currently has a $16.00 target price on the transportation company’s stock.

VLRS has been the subject of several other research reports. Zacks Investment Research raised shares of Controladora Vuela Co Avcn SA CV from a hold rating to a strong-buy rating and set a $12.00 price target for the company in a research report on Saturday, January 11th. Cowen upped their price target on shares of Controladora Vuela Co Avcn SA CV from $13.00 to $14.00 and gave the stock an outperform rating in a research report on Tuesday, January 28th. Finally, TheStreet raised shares of Controladora Vuela Co Avcn SA CV from a d+ rating to a c rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $13.00.

Shares of VLRS opened at $13.34 on Tuesday. The company has a 50 day moving average price of $11.71 and a 200-day moving average price of $10.55. Controladora Vuela Co Avcn SA CV has a fifty-two week low of $7.63 and a fifty-two week high of $13.45. The stock has a market capitalization of $1.29 billion, a PE ratio of 14.19 and a beta of 1.27. The company has a debt-to-equity ratio of 8.72, a quick ratio of 0.69 and a current ratio of 0.71.

Several hedge funds and other institutional investors have recently bought and sold shares of VLRS. Renaissance Technologies LLC increased its stake in Controladora Vuela Co Avcn SA CV by 35.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,235,748 shares of the transportation company’s stock valued at $23,296,000 after purchasing an additional 586,048 shares in the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new position in Controladora Vuela Co Avcn SA CV during the 3rd quarter valued at approximately $11,266,000. Millennium Management LLC increased its stake in Controladora Vuela Co Avcn SA CV by 512.4% during the 3rd quarter. Millennium Management LLC now owns 1,107,354 shares of the transportation company’s stock valued at $11,084,000 after purchasing an additional 926,522 shares in the last quarter. Victory Capital Management Inc. increased its stake in Controladora Vuela Co Avcn SA CV by 3.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,046,095 shares of the transportation company’s stock valued at $13,589,000 after purchasing an additional 31,954 shares in the last quarter. Finally, Pendal Group Ltd increased its stake in Controladora Vuela Co Avcn SA CV by 23.9% during the 4th quarter. Pendal Group Ltd now owns 265,375 shares of the transportation company’s stock valued at $2,765,000 after purchasing an additional 51,150 shares in the last quarter.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

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Analyst Recommendations for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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