JPMorgan Chase & Co. upgraded shares of Virgin America Inc (NYSE:VA) from an underweight rating to a neutral rating in a research note released on Tuesday. JPMorgan Chase & Co. currently has $52.50 price objective on the stock, up from their prior price objective of $50.00.
VA has been the subject of a number of other research reports. Vetr raised Virgin America from a buy rating to a strong-buy rating in a research report on Sunday, September 25th. Credit Suisse Group AG set a $57.00 price target on Virgin America and gave the company a hold rating in a research report on Monday, September 12th. Imperial Capital started coverage on Virgin America in a research report on Friday, September 23rd. They issued an in-line rating and a $57.00 target price for the company. Zacks Investment Research raised Virgin America from a strong sell rating to a hold rating in a research report on Tuesday, July 19th. Finally, Morgan Stanley reissued a hold rating and issued a $57.00 target price on shares of Virgin America in a research report on Sunday, August 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $56.10.
Shares of Virgin America (NYSE:VA) opened at 52.08 on Tuesday. The company has a market capitalization of $2.33 billion and a price-to-earnings ratio of 7.30. Virgin America has a one year low of $26.30 and a one year high of $56.54. The company’s 50-day moving average price is $54.51 and its 200-day moving average price is $55.05.
Several hedge funds have recently bought and sold shares of VA. 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 last quarter. 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 last quarter. Wolverine Asset Management LLC bought a new stake in Virgin America during the second quarter valued at $1,077,000. Finally, 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 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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