Virgin America Inc (NYSE:VA) had its price target upped by Deutsche Bank AG from $55.00 to $57.00 in a report released on Wednesday morning. The brokerage currently has a hold rating on the stock.
A number of other research firms have also recently issued reports on VA. Zacks Investment Research cut Virgin America from a hold rating to a strong sell rating in a report on Wednesday, July 27th. Morgan Stanley reaffirmed a hold rating and issued a $57.00 price target on shares of Virgin America in a report on Sunday, August 21st. Credit Suisse Group AG set a $57.00 price target on Virgin America and gave the company a hold rating in a report on Monday, September 12th. Vetr raised Virgin America from a buy rating to a strong-buy rating in a report on Sunday, September 25th. Finally, 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 target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. Virgin America currently has a consensus rating of Hold and an average target price of $56.10.
Shares of Virgin America (NYSE:VA) opened at 52.08 on Wednesday. The firm’s 50-day moving average is $54.51 and its 200-day moving average is $55.05. The stock has a market capitalization of $2.33 billion and a price-to-earnings ratio of 7.30. Virgin America has a 1-year low of $26.30 and a 1-year high of $56.54.
A number of hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new stake in shares of Virgin America during the second quarter worth approximately $1,077,000. BNP Paribas Arbitrage SA raised its position in Virgin America by 1.7% in the third quarter. BNP Paribas Arbitrage SA now owns 58,241 shares of the company’s stock valued at $3,116,000 after buying an additional 985 shares during the last quarter. 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. Finally, Havens Advisors LLC raised its position in Virgin America by 197.3% in the third quarter. Havens Advisors LLC now owns 183,715 shares of the company’s stock valued at $9,831,000 after buying an additional 121,915 shares during the last quarter.
Virgin America Company Profile