Virgin America Inc (VA) Receives Average Recommendation of “Hold” from Brokerages
Shares of Virgin America Inc (NYSE:VA) have been given an average recommendation of “Hold” by the six research firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $56.00.
A number of analysts have recently issued reports on VA shares. Morgan Stanley restated a “hold” rating and issued a $57.00 target price on shares of Virgin America in a report on Sunday, August 21st. Zacks Investment Research lowered Virgin America from a “hold” rating to a “sell” rating in a report on Thursday, July 7th. Credit Suisse Group AG set a $57.00 target price on Virgin America and gave the company a “hold” rating in a report on Monday, September 12th. JPMorgan Chase & Co. upgraded Virgin America from an “underweight” rating to a “neutral” rating and increased their target price for the company from $50.00 to $53.00 in a report on Tuesday. Finally, Vetr upgraded Virgin America from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 25th.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada increased 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 worth $6,633,000 after buying an additional 115,770 shares during the period. BNP Paribas Arbitrage SA increased 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 worth $3,116,000 after buying an additional 985 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in Virgin America during the second quarter worth $1,077,000.
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Virgin America (NYSE:VA) traded up 0.15% on Tuesday, hitting $52.43. The company had a trading volume of 819,769 shares. Virgin America has a 12-month low of $26.30 and a 12-month high of $56.54. The firm’s 50 day moving average price is $54.92 and its 200 day moving average price is $55.00. The stock has a market cap of $2.34 billion and a P/E ratio of 7.35.
About Virgin America
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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