Vetr upgraded shares of Virgin America Inc (NASDAQ:VA) from a buy rating to a strong-buy rating in a report released on Monday morning, Market Beat.com reports. Vetr currently has $34.70 target price on the stock.

Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. began coverage on Virgin America in a research report on Thursday, January 14th. They issued an underweight rating and a $31.00 price objective for the company. Zacks Investment Research upgraded Virgin America from a hold rating to a buy rating and set a $42.00 price objective for the company in a research report on Tuesday, December 29th. Buckingham Research reiterated a buy rating on shares of Virgin America in a research report on Friday, December 18th. TheStreet began coverage on 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 target price on shares of Virgin America in a research report on Tuesday, November 24th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $36.54.

Shares of Virgin America (NASDAQ:VA) opened at 31.32 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 $1.38 billion and a price-to-earnings ratio of 7.40. The firm’s 50-day moving average price is $33.63 and its 200-day moving average price is $34.38.

In other news, VP E. Frances Fiorillo sold 15,000 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $38.01, for a total transaction of $570,150.00. Following the completion of the transaction, the vice president now directly owns 34,215 shares of the company’s stock, valued at $1,300,512.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephen A. Forte sold 3,827 shares of the company’s stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $36.47, for a total value of $139,570.69. Following the transaction, the chief operating officer now directly owns 28,483 shares of the company’s stock, valued at $1,038,775.01. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of VA. Shinko Asset Management Co. Ltd. boosted its position in Virgin America by 21.3% in the fourth quarter. Shinko Asset Management Co. Ltd. now owns 120,992 shares of the company’s stock valued at $4,357,000 after buying an additional 21,220 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Virgin America during the fourth quarter valued at about $879,000. Emerald Mutual Fund Advisers Trust raised its stake in Virgin America by 16.6% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 304,020 shares of the company’s stock valued at $10,948,000 after buying an additional 43,323 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in Virgin America by 5.0% in the fourth quarter. Emerald Advisers Inc. PA now owns 288,438 shares of the company’s stock valued at $10,387,000 after buying an additional 13,637 shares during the last quarter. Finally, Private Wealth Partners LLC raised its stake in Virgin America by 171.6% in the fourth quarter. Private Wealth Partners LLC now owns 84,475 shares of the company’s stock valued at $3,042,000 after buying an additional 53,375 shares during the last quarter.

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

To view Vetr’s full report, visit Vetr’s official website.

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