Virgin America Inc (VA) is Upgraded by JP Morgan to Neutral

Virgin America Inc (VA) was Upgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Underweight ” on the company shares. JP Morgan advised their investors in a research report released on Oct 11, 2016.

Many Wall Street Analysts have commented on Virgin America Inc. Imperial Capital Initiated Virgin America Inc on Sep 23, 2016 to “In-line”, Price Target of the shares are set at $57.

On the company’s financial health, Virgin America Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.36. The company had revenue of $364.00 million for the quarter, compared to analysts expectations of $361.40 million. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Virgin America Inc closed down -0.13 points or -0.24% at $52.95 with 17,22,066 shares getting traded on Friday. Post opening the session at $53.28, the shares hit an intraday low of $52.25 and an intraday high of $53.86 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 23, 2015, John J. Varley (Senior VP, General Counsel) sold 10,084 shares at $36.38 per share price. According to the SEC, on Nov 23, 2015, Stephen A. Forte (Chief Operating Officer) sold 3,827 shares at $36.47 per share price. On Nov 18, 2015, Cyrus F Jr Freidheim (director) sold 15,000 shares at $36.29 per share price, according to the Form-4 filing with the securities and exchange commission.

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 (DAL) 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.

Virgin America Inc

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