Analysts Set Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Price Target at $12.31

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Controladora Vuela Co Avcn SA CV (NYSE:VLRS) has been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.56.

Several analysts recently issued reports on VLRS shares. ValuEngine upgraded shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Zacks Investment Research lowered Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Barclays reissued a “buy” rating and set a $9.00 price target on shares of Controladora Vuela Co Avcn SA CV in a report on Friday. HSBC lowered Controladora Vuela Co Avcn SA CV from a “hold” rating to a “reduce” rating in a research note on Thursday, September 3rd. Finally, Deutsche Bank raised Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Wednesday, September 9th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its holdings in Controladora Vuela Co Avcn SA CV by 11.1% in the 2nd quarter. Sei Investments Co. now owns 15,000 shares of the transportation company’s stock worth $79,000 after purchasing an additional 1,500 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Controladora Vuela Co Avcn SA CV by 9.9% during the first quarter. Deutsche Bank AG now owns 63,123 shares of the transportation company’s stock worth $217,000 after purchasing an additional 5,667 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV in the second quarter valued at approximately $53,000. JPMorgan Chase & Co. bought a new position in Controladora Vuela Co Avcn SA CV in the 1st quarter valued at approximately $35,000. Finally, JustInvest LLC acquired a new stake in Controladora Vuela Co Avcn SA CV during the 2nd quarter worth approximately $65,000.

Shares of VLRS traded up $0.03 during trading hours on Monday, hitting $7.55. 297,481 shares of the company were exchanged, compared to its average volume of 461,112. 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 fifty-two week low of $2.94 and a fifty-two week high of $13.45. The company has a market cap of $763.96 million, a price-to-earnings ratio of -25.17 and a beta of 2.53. The firm’s fifty day moving average is $7.64 and its 200 day moving average is $5.51.

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

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.

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Analyst Recommendations for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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