Worth Watching: What’s Next for Virgin America Inc After Today’s Big Decline?

Worth Watching: What's Next for Virgin America Inc After Today's Big Decline?

The stock of Virgin America Inc (NASDAQ:VA) is a huge mover today! About 640,998 shares traded hands. Virgin America Inc (NASDAQ:VA) has risen 79.37% since March 11, 2016 and is uptrending. It has outperformed by 73.91% the S&P500.
The move comes after 6 months negative chart setup for the $2.74 billion company. It was reported on Oct, 14 by Barchart.com. We have $48.56 PT which if reached, will make NASDAQ:VA worth $191.80 million less.

Analysts await Virgin America Inc (NASDAQ:VA) to report earnings on November, 3. They expect $1.00 EPS, down 39.02% or $0.64 from last year’s $1.64 per share. VA’s profit will be $52.46 million for 13.06 P/E if the $1.00 EPS becomes a reality. After $0.93 actual EPS reported by Virgin America Inc for the previous quarter, Wall Street now forecasts 7.53% EPS growth.

Virgin America Inc (NASDAQ:VA) Ratings Coverage

Out of 11 analysts covering Virgin America Inc (NASDAQ:VA), 2 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 18% are positive. Virgin America Inc has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Friday, February 19 by Cowen & Co. As per Tuesday, August 4, the company rating was upgraded by Bank of America. On Tuesday, September 22 the stock rating was downgraded by Raymond James to “Market Perform”. The stock of Virgin America Inc (NASDAQ:VA) has “Neutral” rating given on Monday, April 4 by Sidoti. On Monday, August 24 the stock rating was upgraded by Vetr to “Buy”. The stock has “Underweight” rating given by JP Morgan on Thursday, January 14. The rating was upgraded by JP Morgan to “Neutral” on Tuesday, October 11. The stock has “Market Perform” rating given by Cowen & Co on Friday, September 25. The firm earned “Hold” rating on Wednesday, October 12 by Deutsche Bank. The company was upgraded on Tuesday, April 5 by Morgan Stanley.

According to Zacks Investment Research, “Virgin America Inc. is a premium airline providing scheduled air travel services in the continental United States and Mexico. The Company offers a wide range of services such as transporting passengers between cities in the United States, providing in-flight food, beverages, and entertainment, and assisting customers with scheduling flights. The Company’s services feature mood-lit cabins with fleetwide WiFi, custom-designed leather seats, power outlets, and a video touch-screen at every seatback offering guests on-demand menus and countless entertainment options. Virgin America Inc. is headquartered in Burlingame, California.”

More notable recent Virgin America Inc (NASDAQ:VA) news were published by: Wsj.com which released: “Alaska Air Agrees Not to Close Virgin America Merger Before Oct. 17” on September 26, 2016, also Fool.com with their article: “Is the Alaska Air-Virgin America Merger on the Rocks?” published on September 28, 2016, Forbes.com published: “Virgin America Becomes Oversold (VA)” on September 16, 2016. More interesting news about Virgin America Inc (NASDAQ:VA) were released by: Wsj.com and their article: “Justice Department Gets More Time to Study Alaska Air, Virgin America Merger” published on September 23, 2016 as well as Investorplace.com‘s news article titled: “Bear of the Day: Turbulence Ahead for Virgin America Inc (VA)” with publication date: September 14, 2016.

VA Company Profile

Virgin America Inc., incorporated on January 26, 2004, is an airline that provides scheduled air travel in the United States and Mexico. The Firm operates in the air transportation service segment. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field (DAL) to other destinations in North America. The Firm provides service to over 20 airports in the United States and Mexico with a fleet of over 50 narrow-body aircraft. It offers three levels of service: First Class, Main Cabin Select and Main Cabin.

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