Controladora Vuela Compañía de Aviación (NYSE:VLRS) Given New $13.00 Price Target at TD Cowen

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target raised by TD Cowen from $10.00 to $13.00 in a report published on Tuesday, Marketbeat reports. The brokerage currently has a buy rating on the transportation company’s stock.

Separately, StockNews.com raised shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación presently has an average rating of “Buy” and an average price target of $13.02.

Controladora Vuela Compañía de Aviación Price Performance

Shares of NYSE VLRS opened at $7.17 on Tuesday. Controladora Vuela Compañía de Aviación has a twelve month low of $5.15 and a twelve month high of $9.67. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $836.01 million, a price-to-earnings ratio of 7.39 and a beta of 2.46. The firm has a 50-day moving average of $6.22 and a two-hundred day moving average of $6.81.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its quarterly earnings data on Monday, July 22nd. The transportation company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Controladora Vuela Compañía de Aviación had a net margin of 3.58% and a return on equity of 49.54%. The company had revenue of $726.00 million during the quarter, compared to analyst estimates of $739.87 million. As a group, analysts expect that Controladora Vuela Compañía de Aviación will post 0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

A number of large investors have recently made changes to their positions in the business. Capital Research Global Investors increased its holdings in Controladora Vuela Compañía de Aviación by 45.5% in the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after buying an additional 1,372,624 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in Controladora Vuela Compañía de Aviación by 91.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock worth $13,594,000 after buying an additional 872,764 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Controladora Vuela Compañía de Aviación in the second quarter worth approximately $1,338,000. Perpetual Ltd increased its holdings in Controladora Vuela Compañía de Aviación by 30.9% in the third quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock worth $2,829,000 after buying an additional 105,570 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Controladora Vuela Compañía de Aviación in the second quarter worth approximately $408,000. Institutional investors and hedge funds own 53.32% of the company’s stock.

About Controladora Vuela Compañía de Aviación

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.