Imperial Capital initiated coverage on shares of Virgin America Inc. (NASDAQ:VA) in a report released on Friday. The brokerage set an “in-line” rating and a $57.00 price target on the stock. Imperial Capital’s price objective indicates a potential upside of 6.94% from the stock’s previous close.
Separately, Vetr lowered shares of Virgin America from a “buy” rating to a “hold” rating and set a $54.61 target price on the stock. in a report on Monday, June 6th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $42.01.
Virgin America (NASDAQ:VA) opened at 53.30 on Friday. Virgin America has a one year low of $26.30 and a one year high of $56.54. The firm’s 50 day moving average price is $55.68 and its 200 day moving average price is $53.37. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 7.47 and a beta of 1.62.
Several large investors have recently modified their holdings of the stock. Boston Advisors LLC raised its stake in shares of Virgin America by 0.6% in the first quarter. Boston Advisors LLC now owns 9,760 shares of the company’s stock worth $376,000 after buying an additional 60 shares during the period. BlackRock Inc. raised its stake in shares of Virgin America by 9.4% in the first quarter. BlackRock Inc. now owns 2,910 shares of the company’s stock worth $113,000 after buying an additional 249 shares during the period. Legal & General Group Plc raised its stake in shares of Virgin America by 153.3% in the first quarter. Legal & General Group Plc now owns 3,959 shares of the company’s stock worth $153,000 after buying an additional 2,396 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Virgin America during the first quarter worth about $100,000. Finally, Wealthsource Partners LLC bought a new stake in shares of Virgin America during the first quarter worth about $217,000. Institutional investors and hedge funds own 77.60% of the company’s stock.
Virgin America Company Profile
Virgin America Inc is an airline that provides scheduled air travel in the United States and Mexico. The Company operates in air transportation service segment. The Company operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. The Company provides service to over 20 airports in the United States and Mexico with a fleet of over 60 narrow-body aircraft.
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