Virgin America Inc. (NASDAQ:VA) had its price target hoisted by equities research analysts at Deutsche Bank AG from $55.00 to $57.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 6.96% from the stock’s current price.
A number of other brokerages have also weighed in on VA. Vetr lowered shares of Virgin America from a “strong-buy” rating to a “sell” rating and set a $50.27 price objective on the stock. in a report on Tuesday, September 27th. Imperial Capital initiated coverage on shares of Virgin America in a report on Friday, September 23rd. They issued an “in-line” rating and a $57.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Virgin America from an “underweight” rating to a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Virgin America has a consensus rating of “Hold” and a consensus target price of $41.75.
Virgin America (NASDAQ:VA) opened at 53.29 on Wednesday. Virgin America has a 12 month low of $26.30 and a 12 month high of $56.54. The firm has a 50 day moving average of $54.62 and a 200-day moving average of $54.95. The firm has a market cap of $2.38 billion, a P/E ratio of 7.47 and a beta of 1.63.
Several hedge funds have recently modified their holdings of VA. BlackRock Inc. increased 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 valued at $113,000 after buying an additional 249 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in shares of Virgin America during the first quarter valued at $217,000. HBK Investments L P purchased a new stake in shares of Virgin America during the first quarter valued at $259,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Virgin America during the first quarter valued at $587,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Virgin America during the first quarter valued at $600,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.
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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