TD Cowen Increases Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target to $13.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price target upped by equities research analysts at TD Cowen from $10.00 to $13.00 in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price points to a potential upside of 85.19% from the company’s current price.

Separately, StockNews.com upgraded Controladora Vuela Compañía de Aviación from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Controladora Vuela Compañía de Aviación currently has an average rating of “Buy” and a consensus target price of $13.02.

Controladora Vuela Compañía de Aviación Trading Down 1.8 %

Shares of VLRS stock opened at $7.02 on Tuesday. Controladora Vuela Compañía de Aviación has a 12 month low of $5.15 and a 12 month high of $9.67. The company has a market cap of $818.52 million, a PE ratio of 7.24 and a beta of 2.46. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $6.19 and its two-hundred day moving average is $6.82.

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

Institutional Trading of Controladora Vuela Compañía de Aviación

A number of hedge funds have recently bought and sold shares of VLRS. Capital Research Global Investors raised its position in shares of Controladora Vuela Compañía de Aviación by 45.5% during the first quarter. Capital Research Global Investors now owns 4,390,624 shares of the transportation company’s stock valued at $32,578,000 after buying 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 first quarter. ANTIPODES PARTNERS Ltd now owns 1,832,109 shares of the transportation company’s stock valued at $13,594,000 after acquiring an additional 872,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Controladora Vuela Compañía de Aviación in the 2nd quarter valued at approximately $1,338,000. Perpetual Ltd lifted its position in shares of Controladora Vuela Compañía de Aviación by 30.9% in the 3rd quarter. Perpetual Ltd now owns 446,958 shares of the transportation company’s stock worth $2,829,000 after acquiring an additional 105,570 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Controladora Vuela Compañía de Aviación during the 2nd quarter worth approximately $408,000. 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.