Controladora Vuela Compañía de Aviación (NYSE:VLRS) PT Raised to $18.00

Controladora Vuela Compañía de Aviación (NYSE:VLRS) had its price objective increased by Barclays from $14.00 to $18.00 in a research report issued on Monday, The Fly reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective points to a potential upside of 22.20% from the stock’s previous close.

VLRS has been the subject of several other research reports. Zacks Investment Research lowered shares of Controladora Vuela Compañía de Aviación from a “buy” rating to a “hold” rating in a research report on Thursday, February 4th. Citigroup raised their target price on shares of Controladora Vuela Compañía de Aviación from $13.25 to $15.75 in a research note on Tuesday, February 16th. Deutsche Bank Aktiengesellschaft raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Monday. Finally, HSBC raised shares of Controladora Vuela Compañía de Aviación from a “hold” rating to a “buy” rating in a research note on Monday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.94.

NYSE VLRS opened at $14.73 on Monday. Controladora Vuela Compañía de Aviación has a 1 year low of $2.94 and a 1 year high of $16.39. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -9.09 and a beta of 2.66. The company has a fifty day moving average price of $12.28 and a 200-day moving average price of $9.83.

Several institutional investors have recently modified their holdings of VLRS. Manning & Napier Group LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth approximately $15,174,000. Frontier Capital Management Co. LLC grew its holdings in shares of Controladora Vuela Compañía de Aviación by 33.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,943,371 shares of the transportation company’s stock worth $36,557,000 after purchasing an additional 734,244 shares during the last quarter. FIL Ltd grew its holdings in shares of Controladora Vuela Compañía de Aviación by 63.7% in the fourth quarter. FIL Ltd now owns 1,879,793 shares of the transportation company’s stock worth $23,347,000 after purchasing an additional 731,156 shares during the last quarter. Fiera Capital Corp bought a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth approximately $6,252,000. Finally, Monashee Investment Management LLC bought a new position in shares of Controladora Vuela Compañía de Aviación in the fourth quarter worth approximately $4,434,000.

Controladora Vuela Compañía de Aviación 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, 2019, the company operated a fleet of 82 aircraft. It operates approximately 131 daily flights on routes that connect 40 cities in Mexico and 25 cities in the United States and Central America.

Recommended Story: How to use beta for portfolio diversification