Citigroup Boosts Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Price Target to $8.25

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Controladora Vuela Co Avcn SA CV (NYSE:VLRS) had its price objective increased by Citigroup from $7.00 to $8.25 in a report published on Monday, The Fly reports. They currently have a buy rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the company. ValuEngine upgraded Controladora Vuela Co Avcn SA CV from a sell rating to a hold rating in a report on Thursday, July 2nd. Zacks Investment Research upgraded Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating and set a $6.00 price target for the company in a report on Tuesday, July 28th. Finally, TheStreet downgraded Controladora Vuela Co Avcn SA CV from a c- rating to a d+ rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Controladora Vuela Co Avcn SA CV has a consensus rating of Hold and a consensus target price of $10.13.

Shares of VLRS opened at $7.61 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 7.00. Controladora Vuela Co Avcn SA CV has a 12-month low of $2.94 and a 12-month high of $13.45. The firm has a market capitalization of $708.31 million, a PE ratio of -25.37 and a beta of 2.27. The stock’s fifty day simple moving average is $5.70 and its 200-day simple moving average is $6.30.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its quarterly earnings data on Monday, July 27th. The transportation company reported ($0.71) EPS for the quarter, beating analysts’ consensus estimates of ($0.76) by $0.05. The business had revenue of $66.00 million during the quarter. Controladora Vuela Co Avcn SA CV had a positive return on equity of 90.78% and a negative net margin of 2.29%. Analysts anticipate that Controladora Vuela Co Avcn SA CV will post -1.42 EPS for the current year.

Several hedge funds have recently bought and sold shares of VLRS. JPMorgan Chase & Co. acquired a new position in Controladora Vuela Co Avcn SA CV during the first quarter valued at approximately $35,000. Smith Chas P & Associates PA Cpas acquired a new stake in shares of Controladora Vuela Co Avcn SA CV in the first quarter valued at approximately $42,000. UBS Group AG lifted its position in shares of Controladora Vuela Co Avcn SA CV by 29.8% in the fourth quarter. UBS Group AG now owns 4,134 shares of the transportation company’s stock valued at $43,000 after buying an additional 948 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Controladora Vuela Co Avcn SA CV in the second quarter valued at approximately $53,000. Finally, JustInvest LLC acquired a new stake in shares of Controladora Vuela Co Avcn SA CV in the second quarter valued at approximately $65,000.

Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V. provides air transportation services for passengers, cargo, and mail in Mexico and internationally. As of December 31, 2018, the company operated a fleet of 77 Airbus narrow-body aircraft, which include 8 Airbus A319s, 55 A320s, and 14 A321s. It operates approximately 394 daily flight segments on routes that connect 40 cities in Mexico and 26 cities in the United States and Central America.

Further Reading: Derivative

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