In a report issued on April 26, Michael Linenberg from Deutsche Bank maintained a Buy rating on Controladora Vuela Compania de Aviacion SAB de CV (VLRS – Research Report), with a price target of $30.00. The company’s shares closed last Wednesday at $16.87.
According to TipRanks.com, Linenberg is a 5-star analyst with an average return of 14.2% and a 57.6% success rate. Linenberg covers the Industrial Goods sector, focusing on stocks such as Sun Country Airlines Holdings, Allegiant Travel Company, and United Airlines Holdings.
Currently, the analyst consensus on Controladora Vuela Compania de Aviacion SAB de CV is a Strong Buy with an average price target of $27.28.
Based on Controladora Vuela Compania de Aviacion SAB de CV’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $14.09 billion and GAAP net loss of $200 million. In comparison, last year the company earned revenue of $8.09 billion and had a net profit of $897 million.
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Controladora Vuela Compañía de Aviación SAB de CV is a holding company, which engages in the provision of air transportation services. It also provides cargo services. The company was founded by Roberto José Kriete Avila and Carlos Mendoza Valencia on October 27, 2005 and is headquartered in Mexico City.
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