Virgin America Inc. (NASDAQ:VA) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Tuesday, StockTargetPrices.com reports.
A number of other analysts have also recently commented on VA. Imperial Capital initiated coverage on Virgin America in a research report on Friday, September 23rd. They issued an “in-line” rating and a $57.00 price objective for the company. Vetr cut Virgin America from a “strong-buy” rating to a “sell” rating and set a $50.27 price target for the company. in a research report on Tuesday, September 27th. One 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. The company currently has an average rating of “Hold” and a consensus target price of $41.75.
Shares of Virgin America (NASDAQ:VA) opened at 52.39 on Tuesday. Virgin America has a 1-year low of $26.30 and a 1-year high of $56.54. The firm has a 50-day moving average price of $54.70 and a 200-day moving average price of $54.96. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 7.34 and a beta of 1.63.
Several institutional investors have recently made changes to their positions in VA. Panagora Asset Management Inc. raised its position in Virgin America by 291.3% in the first quarter. Panagora Asset Management Inc. now owns 203,205 shares of the company’s stock valued at $7,836,000 after buying an additional 151,277 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Virgin America during the first quarter valued at about $587,000. Oasis Management Co Ltd. purchased a new position in Virgin America during the first quarter valued at about $5,013,000. A.R.T. Advisors LLC purchased a new position in Virgin America during the first quarter valued at about $989,000. Finally, Wealthsource Partners LLC purchased a new position in Virgin America during the first quarter valued at about $217,000. 77.60% of the stock is currently owned by institutional investors and hedge funds.
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.