Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Stock Rating Upgraded by UBS Group

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Controladora Vuela Co Avcn SA CV (NYSE:VLRS) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Imperial Capital reissued an “outperform” rating and issued a $13.00 price objective (up from $11.50) on shares of Controladora Vuela Co Avcn SA CV in a research report on Friday, May 3rd. Zacks Investment Research cut shares of Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine cut shares of Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. HSBC raised shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a research report on Wednesday, April 3rd. Finally, Deutsche Bank raised shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $9.30.

Controladora Vuela Co Avcn SA CV stock opened at $10.23 on Tuesday. The stock has a market capitalization of $965.32 million, a price-to-earnings ratio of -29.23 and a beta of 1.18. The company has a debt-to-equity ratio of 9.64, a current ratio of 0.61 and a quick ratio of 0.60. Controladora Vuela Co Avcn SA CV has a 1 year low of $4.87 and a 1 year high of $10.24.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last released its quarterly earnings data on Friday, April 26th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.44. The company had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $349.00 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, research analysts expect that Controladora Vuela Co Avcn SA CV will post 0.54 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harris Associates L P lifted its position in shares of Controladora Vuela Co Avcn SA CV by 6.0% in the 4th quarter. Harris Associates L P now owns 7,195,950 shares of the transportation company’s stock worth $38,498,000 after purchasing an additional 409,700 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Controladora Vuela Co Avcn SA CV by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 778,334 shares of the transportation company’s stock worth $4,165,000 after purchasing an additional 2,215 shares during the period. VR Advisory Services Ltd lifted its position in shares of Controladora Vuela Co Avcn SA CV by 128.0% in the 4th quarter. VR Advisory Services Ltd now owns 298,670 shares of the transportation company’s stock worth $1,598,000 after purchasing an additional 167,702 shares during the period. Millennium Management LLC lifted its position in shares of Controladora Vuela Co Avcn SA CV by 124.0% in the 4th quarter. Millennium Management LLC now owns 272,013 shares of the transportation company’s stock worth $1,455,000 after purchasing an additional 150,559 shares during the period. Finally, Pendal Group Ltd lifted its position in shares of Controladora Vuela Co Avcn SA CV by 93.8% in the 1st quarter. Pendal Group Ltd now owns 263,030 shares of the transportation company’s stock worth $2,241,000 after purchasing an additional 127,307 shares during the period.

About Controladora Vuela Co Avcn SA CV

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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