Brokerages Set Controladora Vuela Co Avcn SA CV (VLRS) Target Price at $8.60

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Controladora Vuela Co Avcn SA CV (NYSE:VLRS) has received a consensus rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.60.

A number of research analysts have recently weighed in on VLRS shares. Santander raised Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research raised Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Friday, October 12th. TheStreet raised Controladora Vuela Co Avcn SA CV from a “d+” rating to a “c-” rating in a research note on Friday, July 27th. Barclays cut their price target on Controladora Vuela Co Avcn SA CV from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 12th. Finally, ValuEngine raised Controladora Vuela Co Avcn SA CV from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th.

Shares of VLRS opened at $6.15 on Monday. The firm has a market capitalization of $423.54 million, a price-to-earnings ratio of -20.50 and a beta of 0.23. Controladora Vuela Co Avcn SA CV has a 52 week low of $4.87 and a 52 week high of $10.44.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last announced its quarterly earnings data on Friday, October 26th. The transportation company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.12). The firm had revenue of $389.00 million during the quarter, compared to the consensus estimate of $383.00 million. Controladora Vuela Co Avcn SA CV had a negative net margin of 2.72% and a negative return on equity of 7.65%. On average, equities research analysts predict that Controladora Vuela Co Avcn SA CV will post -0.61 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of VLRS. Bank of America Corp DE raised its stake in Controladora Vuela Co Avcn SA CV by 86,859.0% during the 2nd quarter. Bank of America Corp DE now owns 3,297,485 shares of the transportation company’s stock worth $16,751,000 after buying an additional 3,293,693 shares during the period. Frontier Capital Management Co. LLC raised its stake in Controladora Vuela Co Avcn SA CV by 2.1% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,636,720 shares of the transportation company’s stock worth $27,130,000 after buying an additional 73,215 shares during the period. Citadel Advisors LLC acquired a new stake in Controladora Vuela Co Avcn SA CV during the 2nd quarter worth $145,000. Finally, Mycio Wealth Partners LLC raised its stake in Controladora Vuela Co Avcn SA CV by 101.1% during the 2nd quarter. Mycio Wealth Partners LLC now owns 32,256 shares of the transportation company’s stock worth $164,000 after buying an additional 16,218 shares during the period.

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, 2017, the company operated a fleet of 71 Airbus narrow-body aircraft, which include 12 Airbus A319s, 44 A320s, and 10 A321s. It operates approximately 319 daily flight segments on routes that connect 40 cities in Mexico and 27 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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