Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Lifted to Buy at Zacks Investment Research

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Zacks.com reports. The brokerage currently has a $11.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.02% from the stock’s previous close.

According to Zacks, “Controladora Vuela Compania de Aviacion, S.A.B. de C.V. provides aircraft transportation services. The company offers general cargo shipments, priority shipments of live animals, fresh food and flowers, medicines and perishable foods, express shipments and transportation of human remains after the loss of a loved one. Controladora Vuela Compania de Aviacion, S.A.B. de C.V. is based in Santa Fe, Mexico. “

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut 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 target price (up 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. 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. Finally, Deutsche Bank raised shares of Controladora Vuela Co Avcn SA CV from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $9.30.

NYSE VLRS traded up $0.12 during trading hours on Friday, hitting $9.82. The company had a trading volume of 283,608 shares, compared to its average volume of 214,875. 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 $9.99. The company has a market capitalization of $981.51 million, a PE ratio of -28.06 and a beta of 1.18.

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. Controladora Vuela Co Avcn SA CV had a net margin of 3.32% and a return on equity of 12.28%. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate of $349.00 million. On average, research analysts expect that Controladora Vuela Co Avcn SA CV will post 0.54 earnings per share for the current year.

Several large investors have recently made changes to their positions in VLRS. Morgan Stanley raised its holdings in shares of Controladora Vuela Co Avcn SA CV by 3,241.3% in the first quarter. Morgan Stanley now owns 2,225,136 shares of the transportation company’s stock valued at $18,958,000 after buying an additional 2,158,541 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Controladora Vuela Co Avcn SA CV by 76.2% in the first quarter. Renaissance Technologies LLC now owns 1,000,600 shares of the transportation company’s stock valued at $8,525,000 after buying an additional 432,600 shares during the last quarter. Harris Associates L P raised its holdings in shares of Controladora Vuela Co Avcn SA CV by 6.0% in the fourth quarter. Harris Associates L P now owns 7,195,950 shares of the transportation company’s stock valued at $38,498,000 after buying an additional 409,700 shares during the last quarter. VR Advisory Services Ltd raised its holdings in Controladora Vuela Co Avcn SA CV by 128.0% during the fourth 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 in the last quarter. Finally, Brighton Jones LLC purchased a new position in Controladora Vuela Co Avcn SA CV during the first quarter worth about $1,299,000.

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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