Volaris (VLRS) Given Consensus Recommendation of “Hold” by Brokerages

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.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of Volaris by 9.8% in the third quarter. Wells Fargo & Company MN now owns 664,517 shares of the transportation company’s stock valued at $7,887,000 after acquiring an additional 59,229 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Volaris by 91.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 79,800 shares of the transportation company’s stock worth $640,000 after buying an additional 38,100 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Volaris during the fourth quarter worth about $243,000. INCA Investments LLC boosted its holdings in Volaris by 22.3% during the third quarter. INCA Investments LLC now owns 6,059,265 shares of the transportation company’s stock worth $71,923,000 after buying an additional 1,103,414 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in Volaris during the third quarter worth about $297,000.

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About Volaris

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.

Analyst Recommendations for Volaris (NYSE:VLRS)

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