Brokerages Set Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) PT at $10.56

Shares of Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $10.56.

A number of equities analysts recently commented on VLRS shares. HSBC upgraded shares of Controladora Vuela Compañía de Aviación from a “reduce” rating to a “hold” rating in a research note on Monday. Citigroup upped their price objective on Controladora Vuela Compañía de Aviación from $7.00 to $8.25 and gave the stock a “buy” rating in a research report on Monday, August 17th. Barclays reissued a “buy” rating and set a $9.00 target price on shares of Controladora Vuela Compañía de Aviación in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft raised Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, September 9th. Finally, Zacks Investment Research cut shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a report on Wednesday, October 21st.

Shares of VLRS stock traded down $0.34 during trading hours on Friday, reaching $8.74. 19,607 shares of the stock were exchanged, compared to its average volume of 458,486. The business’s fifty day moving average is $7.84 and its two-hundred day moving average is $5.99. The firm has a market capitalization of $867.17 million, a P/E ratio of -30.27 and a beta of 2.60. Controladora Vuela Compañía de Aviación has a 12-month low of $2.94 and a 12-month high of $13.45.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings results on Thursday, October 22nd. The transportation company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.15). Controladora Vuela Compañía de Aviación had a positive return on equity of 90.78% and a negative net margin of 2.29%. The firm had revenue of $210.00 million for the quarter. As a group, research analysts predict that Controladora Vuela Compañía de Aviación will post -1.37 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley grew its position in shares of Controladora Vuela Compañía de Aviación by 7.2% during the first quarter. Morgan Stanley now owns 2,255,663 shares of the transportation company’s stock worth $7,737,000 after acquiring an additional 150,700 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Controladora Vuela Compañía de Aviación by 92.0% in the second quarter. Goldman Sachs Group Inc. now owns 31,062 shares of the transportation company’s stock valued at $164,000 after buying an additional 14,884 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the second quarter worth about $243,000. JPMorgan Chase & Co. acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the first quarter worth about $35,000. Finally, FIL Ltd grew its holdings in shares of Controladora Vuela Compañía de Aviación by 5.6% during the second quarter. FIL Ltd now owns 1,227,731 shares of the transportation company’s stock worth $6,482,000 after buying an additional 65,006 shares during the last quarter.

About Controladora Vuela Compañía de Aviación

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, 2019, the company operated a fleet of 82 aircraft. It operates approximately 131 daily flights on routes that connect 40 cities in Mexico and 25 cities in the United States and Central America.

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Analyst Recommendations for Controladora Vuela Compañía de Aviación (NYSE:VLRS)

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