Controladora Vuela Co Avcn SA CV (NYSE:VLRS) Earns “Buy” Rating from Cowen

Controladora Vuela Co Avcn SA CV (NYSE:VLRS)‘s stock had its “buy” rating reaffirmed by stock analysts at Cowen in a research report issued on Tuesday, January 9th. They presently have a $11.00 price target on the transportation company’s stock. Cowen’s price target suggests a potential upside of 31.74% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays set a $15.00 price objective on shares of Controladora Vuela Co Avcn SA CV and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Controladora Vuela Co Avcn SA CV from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Santander downgraded shares of Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.92.

Shares of Controladora Vuela Co Avcn SA CV (VLRS) opened at $8.35 on Tuesday. Controladora Vuela Co Avcn SA CV has a 52-week low of $7.71 and a 52-week high of $16.00. The stock has a market cap of $739.56, a price-to-earnings ratio of -92.78 and a beta of -0.03.

A number of hedge funds and other institutional investors have recently bought and sold shares of VLRS. Dynamic Technology Lab Private Ltd bought a new position in Controladora Vuela Co Avcn SA CV during the 3rd quarter valued at $154,000. Citadel Advisors LLC bought a new position in Controladora Vuela Co Avcn SA CV during the 3rd quarter valued at $174,000. Royal Bank of Canada boosted its stake in Controladora Vuela Co Avcn SA CV by 62.8% during the 2nd quarter. Royal Bank of Canada now owns 14,472 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 5,580 shares during the last quarter. Dimension Capital Management LLC bought a new position in Controladora Vuela Co Avcn SA CV during the 3rd quarter valued at $227,000. Finally, Adalta Capital Management LLC bought a new position in Controladora Vuela Co Avcn SA CV during the 2nd quarter valued at $251,000.

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Controladora Vuela Co Avcn SA CV Company Profile

Controladora Vuela Compania de Aviacion SAB de CV is a Mexico-based company engaged in the airline passenger transportation sector. The Company operates as an ultra-low-cost carrier (ULCC). Its activities are divided into two geographical regions: Mexico (national operations), as well as the Unites States and Central America (international operations).

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

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