Shares of Virgin America Inc (NYSE:VA) have earned a consensus recommendation of “Hold” from the seven research firms that are covering 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 company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $56.10.
A number of equities research analysts recently weighed in on VA shares. Morgan Stanley restated a “hold” rating and set a $57.00 price objective on shares of Virgin America in a research report on Sunday, August 21st. Zacks Investment Research lowered Virgin America from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Credit Suisse Group AG set a $57.00 price objective on Virgin America and gave the stock a “hold” rating in a research report on Monday, September 12th. Deutsche Bank AG boosted their price objective on Virgin America from $55.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Virgin America from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $52.50 in a research report on Tuesday, October 11th.
Several large investors have recently added to or reduced their stakes in the stock. Havens Advisors LLC raised 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 worth $9,831,000 after buying an additional 121,915 shares during the period. BNP Paribas Arbitrage SA raised 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 worth $3,116,000 after buying an additional 985 shares during the period. Wolverine Asset Management LLC bought a new stake in Virgin America during the second quarter worth approximately $1,077,000. Finally, Royal Bank of Canada raised 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 worth $6,633,000 after buying an additional 115,770 shares during the period.
Shares of Virgin America (NYSE:VA) opened at 52.08 on Tuesday. The firm has a market cap of $2.33 billion and a price-to-earnings ratio of 7.30. Virgin America has a 52-week low of $26.30 and a 52-week high of $56.54. The stock’s 50 day moving average price is $54.51 and its 200-day moving average price is $55.05.
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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