Volaris Stock Has Surged 39% Since February: Here's Why It Could Keep Rising
Between the spring of 2016 and February 2017, shares of Mexican ultra-low-cost carrier Volaris (NYSE: VLRS) lost nearly half of their value as unit revenue came under pressure and the weak peso drove huge cost increases. Fears about potential U.S. policy changes under the Trump administration were a key driver of both of these developments.
However, the peso has regained some ground in the past few months. Meanwhile, Volaris has reduced its capacity growth to regain some pricing power. Finally, fuel prices have started to fall again. As a result, Volaris stock has surged 39% since bottoming out in February -- and it has plenty more upside.
Source: Fool.com
Contr.vuel.co. Adr/10 Cpo Stock
€6.10
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With a target price of 15 € there is potential for a 145.9% increase which would mean more than doubling the current price of 6.1 € for Contr.vuel.co. Adr/10 Cpo.
