Virgin America Inc (VA) PT Raised to $57.00 at Deutsche Bank AG
Virgin America Inc (NYSE:VA) had its target price boosted by equities researchers at Deutsche Bank AG from $55.00 to $57.00 in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 8.80% from the company’s current price.
A number of other brokerages have also commented on VA. Zacks Investment Research lowered shares of Virgin America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 27th. Morgan Stanley reiterated a “hold” rating and issued a $57.00 price target on shares of Virgin America in a research note on Sunday, August 21st. Credit Suisse Group AG set a $57.00 price objective on shares of Virgin America and gave the stock a “hold” rating in a report on Monday, September 12th. Vetr raised shares of Virgin America from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 25th. Finally, Imperial Capital assumed coverage on shares of Virgin America in a report on Friday, September 23rd. They issued an “in-line” rating and a $57.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $56.10.
Virgin America (NYSE:VA) traded up 0.65% during mid-day trading on Wednesday, reaching $52.39. 448,838 shares of the company were exchanged. Virgin America has a one year low of $26.30 and a one year high of $56.54. The stock has a market capitalization of $2.34 billion and a price-to-earnings ratio of 7.34. The stock has a 50 day moving average of $54.70 and a 200-day moving average of $54.96.
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A number of institutional investors have recently modified their holdings of VA. BNP Paribas Arbitrage SA increased its position in shares of 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 in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Virgin America during the second quarter valued at $1,077,000. Finally, Royal Bank of Canada increased its position in shares of 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 in the last quarter.
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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