Virgin America Inc. (VA) Rating Increased to Neutral at JPMorgan Chase & Co.
Virgin America Inc. (NASDAQ:VA) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Tuesday, StockTargetPrices.com reports.
Other equities research analysts have also recently issued reports about the company. Imperial Capital began 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 target price for the company. in a research report on Tuesday, September 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.75.
Shares of Virgin America (NASDAQ:VA) traded up 1.05% during trading on Tuesday, reaching $52.90. 647,505 shares of the company were exchanged. The stock has a market capitalization of $2.36 billion, a P/E ratio of 7.41 and a beta of 1.63. The stock has a 50-day moving average of $54.92 and a 200 day moving average of $55.00. Virgin America has a 52-week low of $26.30 and a 52-week high of $56.54.
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Several hedge funds have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its stake in shares of Virgin America by 291.3% in the first quarter. Panagora Asset Management Inc. now owns 203,205 shares of the company’s stock worth $7,836,000 after buying an additional 151,277 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Virgin America during the first quarter worth approximately $587,000. Oasis Management Co Ltd. purchased a new stake in shares of Virgin America during the first quarter worth approximately $5,013,000. A.R.T. Advisors LLC purchased a new stake in shares of Virgin America during the first quarter worth approximately $989,000. Finally, Wealthsource Partners LLC purchased a new stake in shares of Virgin America during the first quarter worth approximately $217,000. Institutional investors own 77.60% 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.
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