Virgin America Inc. (NASDAQ:VA) had its price target boosted by Deutsche Bank AG from $55.00 to $57.00 in a research report sent to investors on Wednesday, StockTargetPrices.com reports. The brokerage currently has a hold rating on the stock.
VA has been the topic of several other reports. Imperial Capital initiated coverage on Virgin America in a research note on Friday, September 23rd. They issued an in-line rating and a $57.00 price objective on the stock. Vetr lowered Virgin America from a strong-buy rating to a sell rating and set a $50.27 price objective for the company. in a research report on Tuesday, September 27th. Finally, JPMorgan Chase & Co. upgraded Virgin America from an underweight rating to a neutral rating in a research report on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $41.75.
Virgin America (NASDAQ:VA) opened at 52.08 on Wednesday. Virgin America has a 52-week low of $26.30 and a 52-week high of $56.54. The firm has a 50-day moving average of $54.51 and a 200-day moving average of $55.05. The firm has a market cap of $2.33 billion, a PE ratio of 7.30 and a beta of 1.63.
A number of hedge funds and other institutional investors have recently made changes to their positions in VA. BlackRock Inc. increased its position 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 during the period. Wealthsource Partners LLC bought a new position in shares of Virgin America during the first quarter valued at about $217,000. HBK Investments L P bought a new position in shares of Virgin America during the first quarter valued at about $259,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Virgin America during the first quarter valued at about $587,000. Finally, Quadrature Capital Ltd bought a new position in shares of Virgin America during the first quarter valued at about $600,000. Institutional investors and hedge funds own 77.58% of the company’s stock.
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.