Virgin America Inc (VA) Given New $57.00 Price Target at Deutsche Bank AG
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Virgin America from a hold rating to a strong sell rating in a research report on Wednesday, July 27th. Morgan Stanley restated a hold rating and issued a $57.00 price objective on shares of Virgin America in a report on Sunday, August 21st. Imperial Capital began coverage on Virgin America in a report on Friday, September 23rd. They issued an in-line rating and a $57.00 price objective for the company. JPMorgan Chase & Co. upgraded Virgin America from an underweight rating to a neutral rating and upped their price objective for the company from $50.00 to $52.50 in a report on Tuesday. Finally, Credit Suisse Group AG set a $57.00 price objective on Virgin America and gave the company a hold rating in a report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the stock. Virgin America has an average rating of Hold and a consensus price target of $56.10.
Shares of Virgin America (NYSE:VA) traded up 0.55% during mid-day trading on Wednesday, reaching $52.68. The company’s stock had a trading volume of 248,547 shares. The company has a market capitalization of $2.35 billion and a PE ratio of 7.38. The firm’s 50 day moving average is $54.70 and its 200-day moving average is $54.96. Virgin America has a 52-week low of $26.30 and a 52-week high of $56.54.
Several large investors have recently made changes to their positions in VA. BNP Paribas Arbitrage SA raised its stake 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 during the period. Wolverine Asset Management LLC acquired a new position in Virgin America during the second quarter valued at $1,077,000. Finally, Royal Bank of Canada raised its position 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.
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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