Controladora Vuela Compañía de Aviación (NYSE:VLRS) Sees Strong Trading Volume – What’s Next?

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) saw an uptick in trading volume on Wednesday . 217,325 shares were traded during trading, a decline of 66% from the previous session’s volume of 634,065 shares.The stock last traded at $7.61 and had previously closed at $7.58.

Analysts Set New Price Targets

Several research firms recently issued reports on VLRS. Barclays reissued an “overweight” rating and set a $12.00 price objective on shares of Controladora Vuela Compañía de Aviación in a research note on Thursday, October 24th. TD Cowen upped their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Controladora Vuela Compañía de Aviación has an average rating of “Buy” and a consensus price target of $12.85.

Controladora Vuela Compañía de Aviación Stock Performance

The firm has a market cap of $886.16 million, a P/E ratio of 4.57 and a beta of 2.43. 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 has a fifty day simple moving average of $7.06 and a 200-day simple moving average of $6.73.

Controladora Vuela Compañía de Aviación (NYSE:VLRS) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. The business had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $795.89 million. Controladora Vuela Compañía de Aviación had a return on equity of 71.50% and a net margin of 5.99%. During the same quarter in the previous year, the business earned ($0.33) earnings per share. On average, sell-side analysts predict that Controladora Vuela Compañía de Aviación, S.A.B. de C.V. will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

A number of hedge funds have recently made changes to their positions in VLRS. Stifel Financial Corp raised its stake in shares of Controladora Vuela Compañía de Aviación by 9.0% during the third quarter. Stifel Financial Corp now owns 38,092 shares of the transportation company’s stock valued at $241,000 after acquiring an additional 3,135 shares in the last quarter. Inspire Advisors LLC raised its holdings in shares of Controladora Vuela Compañía de Aviación by 25.4% in the third quarter. Inspire Advisors LLC now owns 23,941 shares of the transportation company’s stock valued at $152,000 after acquiring an additional 4,856 shares in the last quarter. American Century Companies Inc. raised its holdings 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 valued at $1,325,000 after acquiring an additional 5,461 shares in the last quarter. Insigneo Advisory Services LLC purchased a new stake in Controladora Vuela Compañía de Aviación in the second quarter worth about $64,000. Finally, Aigen Investment Management LP bought a new position in Controladora Vuela Compañía de Aviación during the 3rd quarter worth about $92,000. 53.32% of the stock is currently owned by hedge funds and other 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.