Todays Report: Today: Controladora Vuela Compania de Aviacion SAB. de CV (VLRS) Stock Rating Upgraded by Zacks Investment Research

Today: Controladora Vuela Compania de Aviacion SAB. de CV (VLRS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) from a sell rating to a hold rating in a report published on Tuesday.

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. “

Separately, Morgan Stanley upgraded Controladora Vuela Compania de Aviacion SAB. de CV from an equal weight rating to an overweight rating and boosted their price objective for the company from $22.10 to $23.00 in a research report on Thursday, September 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $22.80.

Shares of Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) opened at 18.92 on Tuesday. Controladora Vuela Compania de Aviacion SAB. de CV has a 12 month low of $15.06 and a 12 month high of $21.90. The company has a 50-day moving average price of $17.72 and a 200-day moving average price of $18.92. The company has a market capitalization of $1.88 billion, a P/E ratio of 11.00 and a beta of 0.44.

Controladora Vuela Compania de Aviacion SAB. de CV (NYSE:VLRS) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.21. Controladora Vuela Compania de Aviacion SAB. de CV had a return on equity of 46.00% and a net margin of 16.21%. On average, analysts forecast that Controladora Vuela Compania de Aviacion SAB. de CV will post $1.61 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of VLRS. Teachers Advisors Inc. boosted its stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 13.6% in the first quarter. Teachers Advisors Inc. now owns 223,233 shares of the company’s stock valued at $4,704,000 after buying an additional 26,686 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 22.6% in the first quarter. BlackRock Group LTD now owns 678,599 shares of the company’s stock valued at $14,298,000 after buying an additional 125,199 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV during the first quarter valued at approximately $674,000. Investec Asset Management LTD boosted its stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 44.9% in the first quarter. Investec Asset Management LTD now owns 78,400 shares of the company’s stock valued at $1,652,000 after buying an additional 24,300 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in shares of Controladora Vuela Compania de Aviacion SAB. de CV by 15.9% in the first quarter. Primecap Management Co. CA now owns 182,000 shares of the company’s stock valued at $3,835,000 after buying an additional 25,000 shares during the last quarter.

About Controladora Vuela Compania de Aviacion SAB. de CV

Controladora Vuela Compania de Aviacion SAB de CV (Volaris Aviation Holding Company) is a Mexico-based company principally engaged in the airline passenger transportation industry. The Company is a law-cost carrier airline. Controladora Vuela Compania de Aviacion SAB de CV offers direct, point-to-point flights.

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