Virgin America Inc (NYSE:VA) had its price target hoisted by analysts at Deutsche Bank AG from $55.00 to $57.00 in a report released on Wednesday. The firm currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective suggests a potential upside of 6.96% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Virgin America from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. raised shares of Virgin America from an “underweight” rating to a “neutral” rating and raised their target price for the company from $50.00 to $52.50 in a report on Tuesday. Vetr upgraded Virgin America from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 25th. Morgan Stanley restated a “hold” rating and issued a $57.00 price target on shares of Virgin America in a research report on Sunday, August 21st. Finally, Imperial Capital began coverage on Virgin America in a research report on Friday, September 23rd. They issued an “in-line” rating and a $57.00 price target for the company. One investment 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $56.10.
Shares of Virgin America (NYSE:VA) opened at 53.29 on Wednesday. The stock has a 50 day moving average of $54.62 and a 200-day moving average of $54.95. Virgin America has a 52-week low of $26.30 and a 52-week high of $56.54. The stock has a market capitalization of $2.38 billion and a P/E ratio of 7.47.
Hedge funds have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new stake in Virgin America during the second quarter valued at $1,077,000. BNP Paribas Arbitrage SA increased its stake in 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 period. Royal Bank of Canada increased its stake in 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 period. Finally, Havens Advisors LLC increased its stake in Virgin America by 197.3% in the third quarter. Havens Advisors LLC now owns 183,715 shares of the company’s stock valued at $9,831,000 after buying an additional 121,915 shares during the period.
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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