Barclays Boosts Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $12.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective upped by Barclays from $9.00 to $12.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Controladora Vuela Compañía de Aviación from a hold rating to a buy rating in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Controladora Vuela Compañía de Aviación from $11.00 to $12.00 and gave the stock a buy rating in a research note on Tuesday. TD Cowen cut their price objective on shares of Controladora Vuela Compañía de Aviación from $16.00 to $11.00 and set an outperform rating on the stock in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group reduced their target price on shares of Controladora Vuela Compañía de Aviación from $12.40 to $11.10 and set a buy rating for the company in a report on Friday, January 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of $14.02.

Controladora Vuela Compañía de Aviación Stock Down 1.8 %

Shares of VLRS stock opened at $8.62 on Wednesday. The firm has a fifty day moving average of $7.50 and a 200-day moving average of $7.62. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. Controladora Vuela Compañía de Aviación has a 12-month low of $5.52 and a 12-month high of $15.05. The company has a market capitalization of $756.75 million, a price-to-earnings ratio of 8.89 and a beta of 2.55.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last released its earnings results on Monday, February 26th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Controladora Vuela Compañía de Aviación had a return on equity of 54.44% and a net margin of 3.40%. The firm had revenue of $899.00 million during the quarter, compared to analysts’ expectations of $882.80 million. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, equities research analysts predict that Controladora Vuela Compañía de Aviación will post 0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Controladora Vuela Compañía de Aviación

Several hedge funds and other institutional investors have recently made changes to their positions in VLRS. ANTIPODES PARTNERS Ltd raised its position in Controladora Vuela Compañía de Aviación by 2,264.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 959,345 shares of the transportation company’s stock worth $8,998,000 after acquiring an additional 918,776 shares in the last quarter. WCM Investment Management LLC grew its position in shares of Controladora Vuela Compañía de Aviación by 51.4% in the 4th quarter. WCM Investment Management LLC now owns 1,679,395 shares of the transportation company’s stock valued at $15,971,000 after acquiring an additional 570,449 shares during the period. CenterBook Partners LP increased its stake in shares of Controladora Vuela Compañía de Aviación by 436.9% during the 3rd quarter. CenterBook Partners LP now owns 436,943 shares of the transportation company’s stock worth $2,967,000 after purchasing an additional 355,555 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Controladora Vuela Compañía de Aviación in the 3rd quarter valued at about $214,000. Finally, Moneda S.A. Administradora General de Fondos raised its holdings in shares of Controladora Vuela Compañía de Aviación by 74.9% in the 3rd quarter. Moneda S.A. Administradora General de Fondos now owns 1,036,657 shares of the transportation company’s stock valued at $7,039,000 after purchasing an additional 444,082 shares during the period. 53.32% of the stock is owned by institutional investors.

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.