Citigroup Upgrades Controladora Vuela Co Avcn SA CV (VLRS) to Buy

Controladora Vuela Co Avcn SA CV (NYSE:VLRS) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $11.00 target price on the transportation company’s stock. Citigroup’s price objective would suggest a potential upside of 20.35% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. UBS Group upgraded Controladora Vuela Co Avcn SA CV from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, February 16th. Cowen restated a “buy” rating and set a $11.00 price objective on shares of Controladora Vuela Co Avcn SA CV in a report on Tuesday, January 9th. Santander cut Controladora Vuela Co Avcn SA CV from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research upgraded Controladora Vuela Co Avcn SA CV from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Imperial Capital restated an “outperform” rating and set a $12.00 price objective (down previously from $16.00) on shares of Controladora Vuela Co Avcn SA CV in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Controladora Vuela Co Avcn SA CV presently has a consensus rating of “Hold” and an average price target of $13.29.

Shares of Controladora Vuela Co Avcn SA CV (NYSE VLRS) opened at $9.14 on Tuesday. Controladora Vuela Co Avcn SA CV has a 1-year low of $7.50 and a 1-year high of $16.00. The stock has a market capitalization of $761.98, a P/E ratio of -65.29 and a beta of -0.03.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of Controladora Vuela Co Avcn SA CV by 15.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 237,120 shares of the transportation company’s stock valued at $1,901,000 after buying an additional 32,259 shares in the last quarter. Adalta Capital Management LLC raised its position in shares of Controladora Vuela Co Avcn SA CV by 52.9% in the fourth quarter. Adalta Capital Management LLC now owns 79,839 shares of the transportation company’s stock valued at $640,000 after buying an additional 27,629 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Controladora Vuela Co Avcn SA CV during the fourth quarter valued at approximately $665,000. Virtu Financial LLC acquired a new position in Controladora Vuela Co Avcn SA CV during the fourth quarter valued at approximately $504,000. Finally, Oppenheimer & Co. Inc. raised its position in Controladora Vuela Co Avcn SA CV by 91.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 79,800 shares of the transportation company’s stock valued at $640,000 after purchasing an additional 38,100 shares in the last quarter.

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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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