Virgin America Inc (VA) Receives Average Recommendation of “Hold” from Brokerages
Shares of Virgin America Inc (NYSE:VA) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $56.00.
VA has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Virgin America from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th. Morgan Stanley reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Virgin America in a research report on Sunday, August 21st. 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 began coverage on Virgin America in a research report on Friday, September 23rd. They set an “in-line” rating and a $57.00 price target for the company. Finally, Vetr raised Virgin America from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 25th.
Virgin America (NYSE:VA) traded up 0.15% during midday trading on Tuesday, reaching $52.43. The company’s stock had a trading volume of 819,769 shares. Virgin America has a 1-year low of $26.30 and a 1-year high of $56.54. The company has a 50 day moving average of $54.92 and a 200-day moving average of $55.00. The company has a market capitalization of $2.34 billion and a P/E ratio of 7.35.
A number of large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC bought a new position in shares of Virgin America during the second quarter worth approximately $1,077,000. BNP Paribas Arbitrage SA boosted its position 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 worth $3,116,000 after buying an additional 985 shares in the last quarter. Finally, Royal Bank of Canada boosted its position 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 worth $6,633,000 after buying an additional 115,770 shares in 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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