Controladora Vuela Compania de Aviacion (NYSE:VLRS) Raised to Overweight at Barclays

Controladora Vuela Compania de Aviacion (NYSE:VLRS) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Friday,Finviz reports. The firm presently has a $11.00 target price on the transportation company’s stock. Barclays‘s price objective suggests a potential upside of 23.87% from the stock’s previous close.

Several other brokerages have also recently issued reports on VLRS. Citigroup cut Controladora Vuela Compania de Aviacion from a “buy” rating to a “neutral” rating and set a $7.00 price objective for the company. in a research note on Friday, August 22nd. JPMorgan Chase & Co. raised their target price on shares of Controladora Vuela Compania de Aviacion from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Wall Street Zen upgraded shares of Controladora Vuela Compania de Aviacion from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Controladora Vuela Compania de Aviacion in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their target price on Controladora Vuela Compania de Aviacion from $9.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Controladora Vuela Compania de Aviacion currently has an average rating of “Moderate Buy” and an average target price of $8.67.

Controladora Vuela Compania de Aviacion Stock Performance

Shares of Controladora Vuela Compania de Aviacion stock opened at $8.88 on Friday. Controladora Vuela Compania de Aviacion has a one year low of $3.49 and a one year high of $9.00. The company has a market capitalization of $1.04 billion, a PE ratio of -16.44 and a beta of 1.95. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.66 and a current ratio of 0.67. The company has a 50-day simple moving average of $7.01 and a two-hundred day simple moving average of $6.07.

Controladora Vuela Compania de Aviacion (NYSE:VLRS) last posted its 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. Controladora Vuela Compania de Aviacion had a negative net margin of 2.07% and a negative return on equity of 20.74%. The company had revenue of $784.00 million during the quarter, compared to analysts’ expectations of $783.85 million. Research analysts expect that Controladora Vuela Compania de Aviacion will post 1.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compania de Aviacion

A number of institutional investors and hedge funds have recently made changes to their positions in VLRS. Russell Investments Group Ltd. increased its holdings in Controladora Vuela Compania de Aviacion by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 69,150 shares of the transportation company’s stock valued at $373,000 after purchasing an additional 7,088 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Controladora Vuela Compania de Aviacion by 4.1% during the 1st quarter. American Century Companies Inc. now owns 273,847 shares of the transportation company’s stock worth $1,429,000 after purchasing an additional 10,706 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Controladora Vuela Compania de Aviacion during the first quarter worth $3,312,000. Itau Unibanco Holding S.A. purchased a new position in Controladora Vuela Compania de Aviacion in the first quarter valued at $534,000. Finally, Ancient Art L.P. raised its stake in Controladora Vuela Compania de Aviacion by 22.2% in the first quarter. Ancient Art L.P. now owns 1,816,225 shares of the transportation company’s stock valued at $9,481,000 after buying an additional 329,496 shares in the last quarter. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compania de Aviacion Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.