Controladora Vuela Compañía de Aviación (NYSE:VLRS) Now Covered by Analysts at Itau BBA Securities

Itau BBA Securities initiated coverage on shares of Controladora Vuela Compañía de Aviación (NYSE:VLRS) in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $12.00 price target on the transportation company’s stock. Itau BBA Securities’ target price would suggest a potential upside of 55.64% from the company’s current price.

A number of other analysts also recently commented on VLRS. StockNews.com downgraded Controladora Vuela Compañía de Aviación from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group boosted their target price on Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upped their target price on Controladora Vuela Compañía de Aviación from $16.50 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Barclays reaffirmed an “overweight” rating and set a $12.00 target price on shares of Controladora Vuela Compañía de Aviación in a report on Thursday, October 24th. Finally, TD Cowen upped their target price on Controladora Vuela Compañía de Aviación from $10.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.14.

Controladora Vuela Compañía de Aviación Stock Down 1.2 %

VLRS opened at $7.71 on Wednesday. Controladora Vuela Compañía de Aviación has a one year low of $5.15 and a one year high of $9.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 0.70. The stock’s fifty day moving average is $8.16 and its 200-day moving average is $7.14. The company has a market capitalization of $898.99 million, a PE ratio of 4.64 and a beta of 2.45.

Institutional Investors Weigh In On Controladora Vuela Compañía de Aviación

Hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in Controladora Vuela Compañía de Aviación in the 4th quarter worth about $68,000. Prudential Financial Inc. acquired a new position in Controladora Vuela Compañía de Aviación in the 4th quarter worth about $79,000. Sei Investments Co. acquired a new position in Controladora Vuela Compañía de Aviación in the 4th quarter worth about $79,000. Aigen Investment Management LP acquired a new position in Controladora Vuela Compañía de Aviación in the 3rd quarter worth about $92,000. Finally, MQS Management LLC acquired a new position in shares of Controladora Vuela Compañía de Aviación during the 3rd quarter valued at about $108,000. 53.32% of the stock is owned by hedge funds and other institutional investors.

Controladora Vuela Compañía de Aviación Company Profile

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.