Virgin America Inc. (VA) PT Raised to $57.00 at Deutsche Bank AG
Virgin America Inc. (NASDAQ:VA) had its price target hoisted by research analysts at Deutsche Bank AG from $55.00 to $57.00 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 8.80% from the company’s current price.
VA has been the subject of several other reports. JPMorgan Chase & Co. raised shares of Virgin America from an “underweight” rating to a “neutral” rating in a report on Tuesday. Vetr lowered shares of Virgin America from a “strong-buy” rating to a “sell” rating and set a $50.27 target price for the company. in a report on Tuesday, September 27th. 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 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.75.
Shares of Virgin America (NASDAQ:VA) traded up 0.65% during midday trading on Wednesday, reaching $52.39. 448,466 shares of the company were exchanged. The company has a 50 day moving average price of $54.80 and a 200-day moving average price of $54.98. Virgin America has a 12-month low of $26.30 and a 12-month high of $56.54. The stock has a market capitalization of $2.34 billion, a P/E ratio of 7.34 and a beta of 1.63.
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A number of hedge funds have recently added to or reduced their stakes in VA. BlackRock Inc. raised 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 during the last quarter. Wealthsource Partners LLC acquired a new stake in Virgin America during the first quarter worth $217,000. HBK Investments L P acquired a new stake in Virgin America during the first quarter worth $259,000. Schonfeld Strategic Advisors LLC acquired a new stake in Virgin America during the first quarter worth $587,000. Finally, Quadrature Capital Ltd acquired a new stake in Virgin America during the first quarter worth $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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