Controladora Vuela Co Avcn SA CV (VLRS) Lifted to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Controladora Vuela Co Avcn SA CV (NYSE:VLRS) from a hold rating to a strong-buy rating in a report issued on Tuesday morning. The brokerage currently has $9.25 target price on the transportation company’s stock.

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. “

A number of other equities analysts have also commented on the stock. TheStreet lowered shares of Controladora Vuela Co Avcn SA CV from a c- rating to a d+ rating in a report on Thursday, May 31st. ValuEngine raised shares of Controladora Vuela Co Avcn SA CV from a strong sell rating to a sell rating in a report on Friday, July 20th. Imperial Capital increased their target price on shares of Controladora Vuela Co Avcn SA CV from $5.00 to $7.00 and gave the company an inline rating in a report on Tuesday, July 24th. Santander raised shares of Controladora Vuela Co Avcn SA CV from a hold rating to a buy rating in a report on Friday, July 27th. Finally, Barclays reduced their target price on shares of Controladora Vuela Co Avcn SA CV from $8.00 to $7.00 and set an equal weight rating on the stock in a report on Thursday, July 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $9.32.

Shares of NYSE:VLRS opened at $7.87 on Tuesday. The firm has a market capitalization of $700.56 million, a PE ratio of -26.23 and a beta of 0.23. Controladora Vuela Co Avcn SA CV has a one year low of $4.87 and a one year high of $12.30.

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) last issued its quarterly earnings results on Friday, July 20th. The transportation company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. The firm had revenue of $314.00 million for the quarter, compared to analyst estimates of $330.00 million. Controladora Vuela Co Avcn SA CV had a net margin of 0.68% and a return on equity of 1.80%. equities research analysts expect that Controladora Vuela Co Avcn SA CV will post -0.47 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in VLRS. Mycio Wealth Partners LLC grew its holdings in shares of 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 valued at $164,000 after purchasing an additional 16,218 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Controladora Vuela Co Avcn SA CV during the 2nd quarter valued at $145,000. Finally, Bank of America Corp DE grew its holdings in shares of 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 valued at $16,751,000 after purchasing an additional 3,293,693 shares during the last quarter.

About Controladora Vuela Co Avcn SA CV

Controladora Vuela Compañía de Aviación SAB de CV is a holding company, which engages in the provision of air transportation services. Its services include air travel-related services; revenues from non-air-travel related services; and cargo services. It also provides ground transportation; courier and shipping; and payment services.

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