JPMorgan Chase & Co. upgraded shares of Virgin America Inc. (NASDAQ:VA) from an underweight rating to a neutral rating in a research note released on Tuesday morning.

VA has been the topic of several other research reports. Vetr downgraded shares of Virgin America from a strong-buy rating to a sell rating and set a $50.27 price target on the stock. in a research report on Tuesday, September 27th. Imperial Capital initiated coverage on shares of Virgin America in a research report on Friday, September 23rd. They set an in-line rating and a $57.00 price target on the stock. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. Virgin America presently has an average rating of Hold and an average target price of $41.75.

Analyst Recommendations for Virgin America (NASDAQ:VA)

Virgin America (NASDAQ:VA) traded up 0.71% during midday trading on Tuesday, reaching $52.42. 50,519 shares of the company were exchanged. The firm’s 50-day moving average is $54.80 and its 200-day moving average is $54.98. Virgin America has a one year low of $26.30 and a one year high of $56.54. The firm has a market cap of $2.34 billion, a P/E ratio of 7.34 and a beta of 1.63.

Large investors have recently added to or reduced their stakes in the stock. 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 in the last quarter. Wealthsource Partners LLC acquired a new stake in shares of Virgin America during the first quarter valued at about $217,000. HBK Investments L P acquired a new stake in shares of Virgin America during the first quarter valued at about $259,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Virgin America during the first quarter valued at about $587,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Virgin America during the first quarter valued at about $600,000. 77.60% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:VA

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