Virgin America Inc (NYSE:VA) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Tuesday. The firm currently has a $52.50 price objective on the stock, up from their previous price objective of $50.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 0.21% from the company’s current price.
Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Virgin America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 27th. Morgan Stanley reaffirmed a “hold” rating and issued a $57.00 target price on shares of Virgin America in a research report on Sunday, August 21st. Imperial Capital assumed coverage on Virgin America in a research report on Friday, September 23rd. They issued an “in-line” rating and a $57.00 target price on the stock. Credit Suisse Group AG set a $57.00 target price on Virgin America and gave the stock a “hold” rating in a research report on Monday, September 12th. Finally, Vetr raised Virgin America from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company’s stock. Virgin America currently has an average rating of “Hold” and an average target price of $56.20.
Shares of Virgin America (NYSE:VA) traded up 0.65% during mid-day trading on Tuesday, reaching $52.39. The company’s stock had a trading volume of 448,466 shares. The firm has a 50-day moving average of $54.80 and a 200-day moving average of $54.98. The firm has a market capitalization of $2.34 billion and a PE ratio of 7.34. Virgin America has a 52 week low of $26.30 and a 52 week high of $56.54.
Hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new stake in shares of Virgin America during the second quarter valued at about $1,077,000. BNP Paribas Arbitrage SA increased its stake in shares of Virgin America by 1.7% in the third quarter. BNP Paribas Arbitrage SA now owns 58,241 shares of the company’s stock valued at $3,116,000 after buying an additional 985 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Virgin America by 5,203.1% in the second quarter. Royal Bank of Canada now owns 117,995 shares of the company’s stock valued at $6,633,000 after buying an additional 115,770 shares in the last quarter.
About Virgin America
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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