Virgin America Inc. (VA) Price Target Raised to $57.00 at Deutsche Bank AG
Virgin America Inc. (NASDAQ:VA) had its target price hoisted by analysts at Deutsche Bank AG from $55.00 to $57.00 in a report released on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 8.80% from the company’s current price.
Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Virgin America from an “underweight” rating to a “neutral” rating in a research report on Tuesday. Imperial Capital assumed coverage on Virgin America in a research report on Friday, September 23rd. They set an “in-line” rating and a $57.00 price objective for the company. Finally, Vetr cut 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. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.75.
Shares of Virgin America (NASDAQ:VA) traded up 0.65% during trading on Wednesday, hitting $52.39. The company had a trading volume of 448,416 shares. The firm’s 50 day moving average is $54.80 and its 200-day moving average is $54.98. The stock has a market capitalization of $2.34 billion, a P/E ratio of 7.34 and a beta of 1.63. Virgin America has a 52 week low of $26.30 and a 52 week high of $56.54.
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Several large investors have recently bought and sold shares of VA. BlackRock Inc. increased its stake in Virgin America by 9.4% in the first quarter. BlackRock Inc. now owns 2,910 shares of the company’s stock worth $113,000 after buying an additional 249 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in Virgin America during the first quarter worth approximately $217,000. HBK Investments L P purchased a new stake in Virgin America during the first quarter worth approximately $259,000. Schonfeld Strategic Advisors LLC purchased a new stake in Virgin America during the first quarter worth approximately $587,000. Finally, Quadrature Capital Ltd purchased a new stake in Virgin America during the first quarter worth approximately $600,000. 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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