Controladora Vuela Co Avcn SA CV (VLRS) Receives Consensus Recommendation of “Buy” from Analysts

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Shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) have earned a consensus rating of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $10.00.

A number of research firms have commented on VLRS. Zacks Investment Research downgraded shares of Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. ValuEngine downgraded shares of Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Imperial Capital reaffirmed an “outperform” rating and issued a $13.00 price objective (up previously from $11.50) on shares of Controladora Vuela Co Avcn SA CV in a report on Friday, May 3rd. HSBC raised shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, Goldman Sachs Group raised shares of Controladora Vuela Co Avcn SA CV from a “sell” rating to a “buy” rating in a report on Tuesday, March 5th.

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Controladora Vuela Co Avcn SA CV by 27.4% in the third quarter. Dimensional Fund Advisors LP now owns 776,119 shares of the transportation company’s stock valued at $5,796,000 after acquiring an additional 167,065 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Controladora Vuela Co Avcn SA CV by 474.5% in the third quarter. Renaissance Technologies LLC now owns 110,300 shares of the transportation company’s stock valued at $823,000 after acquiring an additional 91,100 shares in the last quarter. Virtu Financial LLC acquired a new stake in Controladora Vuela Co Avcn SA CV in the fourth quarter valued at approximately $139,000. Frontier Capital Management Co. LLC boosted its stake in Controladora Vuela Co Avcn SA CV by 12.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 4,098,686 shares of the transportation company’s stock valued at $21,928,000 after acquiring an additional 461,966 shares in the last quarter. Finally, Pendal Group Ltd lifted its stake in shares of Controladora Vuela Co Avcn SA CV by 40.1% during the fourth quarter. Pendal Group Ltd now owns 135,723 shares of the transportation company’s stock worth $726,000 after buying an additional 38,873 shares during the period.

Shares of NYSE:VLRS traded down $0.02 during midday trading on Friday, reaching $9.41. The company had a trading volume of 2,290 shares, compared to its average volume of 248,008. The company has a current ratio of 0.61, a quick ratio of 0.60 and a debt-to-equity ratio of 9.64. The firm has a market cap of $951.16 million, a PE ratio of -26.89 and a beta of 1.22. Controladora Vuela Co Avcn SA CV has a one year low of $4.87 and a one year high of $9.99.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last issued its quarterly earnings results on Friday, February 22nd. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.17. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $353.00 million. Controladora Vuela Co Avcn SA CV had a net margin of 3.32% and a return on equity of 12.28%. As a group, equities research analysts forecast that Controladora Vuela Co Avcn SA CV will post 0.5 EPS for the current fiscal 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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