Other research analysts have also issued reports about 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 reiterated a hold rating and issued a $57.00 price objective 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 price objective on the stock. JPMorgan Chase & Co. upgraded Virgin America from an underweight rating to a neutral rating and increased their price objective for the company from $50.00 to $52.50 in a research report on Tuesday. Finally, Credit Suisse Group AG set a $57.00 price objective on Virgin America and gave the company a hold rating in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. Virgin America presently has an average rating of Hold and an average target price of $56.10.
Virgin America (NYSE:VA) traded up 0.55% on Wednesday, reaching $52.68. The company had a trading volume of 248,547 shares. Virgin America has a 12 month low of $26.30 and a 12 month high of $56.54. The stock has a market capitalization of $2.35 billion and a price-to-earnings ratio of 7.38. The firm has a 50 day moving average price of $54.70 and a 200-day moving average price of $54.96.
Several hedge funds and other institutional investors have recently bought and sold shares of VA. Wolverine Asset Management LLC bought a new position in 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 during 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 during the last quarter.
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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