Virgin America Inc (VA) Receives $56.10 Average Price Target from Analysts
Virgin America Inc (NYSE:VA) has received an average rating of “Hold” from the seven ratings firms that are covering the firm. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $56.10.
Several equities research analysts have recently issued reports on VA shares. Zacks Investment Research lowered shares of Virgin America from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 27th. JPMorgan Chase & Co. upgraded shares of Virgin America from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $52.50 in a report on Tuesday, October 11th. Vetr upgraded shares of Virgin America from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 25th. Morgan Stanley reiterated a “hold” rating and set a $57.00 price objective on shares of Virgin America in a report on Sunday, August 21st. Finally, Deutsche Bank AG lifted their price objective on shares of Virgin America from $55.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday, October 12th.
Virgin America (NYSE:VA) opened at 55.45 on Tuesday. Virgin America has a 52 week low of $26.30 and a 52 week high of $56.54. The stock has a 50 day moving average of $54.27 and a 200 day moving average of $55.45. The company has a market cap of $2.48 billion and a P/E ratio of 8.31.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Virgin America by 19.2% in the third quarter. BlackRock Inc. now owns 2,676 shares of the company’s stock worth $144,000 after buying an additional 431 shares during the period. Sei Investments Co. increased its position in Virgin America by 35.8% in the third quarter. Sei Investments Co. now owns 3,714 shares of the company’s stock worth $199,000 after buying an additional 980 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Virgin America during the third quarter worth approximately $206,000. BlackRock Group LTD increased its position in Virgin America by 4.8% in the third quarter. BlackRock Group LTD now owns 4,094 shares of the company’s stock worth $219,000 after buying an additional 189 shares during the period. Finally, Capital Fund Management S.A. increased its position in Virgin America by 9.0% in the third quarter. Capital Fund Management S.A. now owns 8,503 shares of the company’s stock worth $455,000 after buying an additional 699 shares during the period.
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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