Virgin America Inc (NASDAQ:VA) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Monday, AnalystRatings.NET reports. They currently have a $34.70 price objective on the stock. Vetr‘s price target indicates a potential upside of 11.43% from the stock’s previous close.

A hedge fund recently bought a new stake in Virgin America stock. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Virgin America Inc (NASDAQ:VA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund bought 24,400 shares of the company’s stock, valued at approximately $879,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.06% of Virgin America as of its most recent SEC filing.

Virgin America (NASDAQ:VA) opened at 31.14 on Monday. Virgin America has a 12 month low of $26.53 and a 12 month high of $39.20. The firm has a market capitalization of $1.37 billion and a PE ratio of 7.35. The stock has a 50 day moving average of $34.65 and a 200 day moving average of $34.18.

Virgin America (NASDAQ:VA) last announced its earnings results on Thursday, October 29th. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.08. The firm earned $410.90 million during the quarter, compared to analysts’ expectations of $406.28 million. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Virgin America will post $4.68 earnings per share for the current fiscal year.

In related news, VP John A. Macleod sold 61,598 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $36.71, for a total value of $2,261,262.58. Following the sale, the vice president now directly owns 26,542 shares of the company’s stock, valued at $974,356.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John J. Varley sold 10,084 shares of the firm’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $36.38, for a total transaction of $366,855.92. Following the completion of the sale, the vice president now directly owns 22,252 shares in the company, valued at $809,527.76. The disclosure for this sale can be found here.

Several other research firms have also weighed in on VA. JPMorgan Chase & Co. started coverage on shares of Virgin America in a research report on Thursday, January 14th. They set an “underweight” rating and a $31.00 price target for the company. Zacks Investment Research upgraded shares of Virgin America from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, December 29th. Buckingham Research restated a “buy” rating on shares of Virgin America in a research report on Friday, December 18th. TheStreet started coverage on shares of Virgin America in a research report on Wednesday, December 16th. They set a “hold” rating for the company. Finally, Raymond James restated a “buy” rating and set a $39.00 price target on shares of Virgin America in a research report on Tuesday, November 24th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.54.

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The Company operates from Los Angeles and San Francisco with a presence at Dallas Love Field (NASDAQ:VA) to other destinations in North America. It provides service to approximately 21 airports in the United States and Mexico with a fleet of 53 narrow-body aircraft. It offers three levels of service: First Class, Main Cabin Select and Main Cabin. First Class level of service includes eight-seat cabin with an inflight teammate to provide service, 165 degree reclining leather seat with massage functions and 55 inches of pitch between rows, among others. Main Cabin Select includes 38 inches of pitch for leg room, individual Red inflight entertainment system at every seatback and one free checked bag, among others. Main Cabin includes 32 or 33 inches of pitch, individual Red inflight entertainment system at every seatback and complimentary live television, among others.

12 Month Chart for NASDAQ:VA

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