Shares of Volaris (NYSE:VLRS) have earned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.83.
VLRS has been the topic of several analyst reports. Cowen reaffirmed a “buy” rating and issued a $11.00 target price on shares of Volaris in a report on Tuesday, January 9th. Citigroup raised shares of Volaris from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, February 20th. UBS raised shares of Volaris from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, February 16th. Santander downgraded shares of Volaris from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $12.00 target price (down previously from $16.00) on shares of Volaris in a report on Wednesday, January 17th.
Shares of VLRS stock traded up $0.03 during trading on Friday, reaching $8.13. 84,973 shares of the company’s stock traded hands, compared to its average volume of 672,873. Volaris has a 52 week low of $7.50 and a 52 week high of $16.00.
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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, 2016, the company operated a fleet of 69 Airbus narrow-body aircraft, which include 15 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 302 daily flights on routes that connect 40 cities in Mexico and 22 cities in the United States and Central America.
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