Barclays Reaffirms Overweight Rating for Controladora Vuela Compañía de Aviación (NYSE:VLRS)

Barclays restated their overweight rating on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a research report released on Thursday morning, Benzinga reports. The firm currently has a $12.00 target price on the transportation company’s stock.

Several other equities analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. TD Cowen upped their price objective on shares of Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $13.02.

Controladora Vuela Compañía de Aviación Price Performance

NYSE:VLRS opened at $7.09 on Thursday. The firm’s fifty day moving average is $6.30 and its two-hundred day moving average is $6.80. The firm has a market cap of $826.68 million, a price-to-earnings ratio of 7.31 and a beta of 2.46. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.67.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.19 by $0.13. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. The firm had revenue of $813.00 million for the quarter, compared to analyst estimates of $795.89 million. During the same period last year, the company earned ($0.33) earnings per share. Research analysts expect that Controladora Vuela Compañía de Aviación will post 0.92 EPS for the current year.

Institutional Trading of Controladora Vuela Compañía de Aviación

Several institutional investors have recently modified their holdings of VLRS. Capital Research Global Investors raised its position in shares of Controladora Vuela Compañía de Aviación by 45.5% during the 1st quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock worth $32,578,000 after purchasing an additional 1,372,624 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its stake in Controladora Vuela Compañía de Aviación by 91.0% during the 1st 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 in the last quarter. Perpetual Ltd raised its holdings in shares of Controladora Vuela Compañía de Aviación by 30.9% during the third quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock valued at $2,829,000 after acquiring an additional 105,570 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Controladora Vuela Compañía de Aviación in the second quarter valued at approximately $1,338,000. Finally, American Century Companies Inc. boosted its stake in shares of Controladora Vuela Compañía de Aviación by 2.7% in the second quarter. American Century Companies Inc. now owns 208,355 shares of the transportation company’s stock worth $1,325,000 after acquiring an additional 5,461 shares during the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.

Controladora Vuela Compañía de Aviación 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.