Bradesco Corretora restated their neutral rating on shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) in a report issued on Tuesday morning, The Fly reports.

Several other analysts have also recently commented on the company. Citigroup set a $12.00 target price on Controladora Vuela Co Avcn SA CV and gave the company a buy rating in a research report on Monday, July 15th. UBS Group upgraded Controladora Vuela Co Avcn SA CV from a neutral rating to a buy rating in a research report on Tuesday, June 18th. Barclays upgraded Controladora Vuela Co Avcn SA CV from an equal weight rating to an overweight rating in a research report on Monday, July 29th. ValuEngine cut Controladora Vuela Co Avcn SA CV from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating and set a $11.00 target price on the stock in a research report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $10.55.

Shares of Controladora Vuela Co Avcn SA CV stock opened at $10.09 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 8.46. The business’s 50 day simple moving average is $9.30 and its 200-day simple moving average is $9.30. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 19.33 and a beta of 1.24. Controladora Vuela Co Avcn SA CV has a twelve month low of $5.15 and a twelve month high of $10.99.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last announced its quarterly earnings results on Thursday, July 25th. The transportation company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. Controladora Vuela Co Avcn SA CV had a return on equity of 15.86% and a net margin of 3.32%. The business had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $412.00 million. Sell-side analysts predict that Controladora Vuela Co Avcn SA CV will post 0.99 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in shares of Controladora Vuela Co Avcn SA CV by 566.2% during the 2nd quarter. Wells Fargo & Company MN now owns 3,944 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 3,352 shares during the period. Aperio Group LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the 2nd quarter valued at $44,000. Advisors Preferred LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the 2nd quarter valued at $50,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the 2nd quarter valued at $113,000. Finally, Atria Investments LLC acquired a new position in shares of Controladora Vuela Co Avcn SA CV during the 2nd quarter valued at $234,000.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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Analyst Recommendations for Controladora Vuela Co Avcn SA CV (NYSE:VLRS)

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