Can Virgin America Inc’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Virgin America Inc's Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Virgin America Inc (VA) recorded an unusually high (300) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious VA decrease. With 300 contracts traded and 21234 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: VA161021P00050000 closed last at: $1.5 or 21.1% down. About 278,377 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.

Analysts await Virgin America Inc (NASDAQ:VA) to report earnings on November, 3. They expect $1.00 earnings per share, down 39.02% or $0.64 from last year’s $1.64 per share. VA’s profit will be $52.40M for 13.03 P/E if the $1.00 EPS becomes a reality. After $0.93 actual earnings per share 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. $57 is the highest target while $33 is the lowest. The $45.89 average target is -11.92% below today’s ($52.1) stock price. Virgin America Inc has been the topic of 19 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was upgraded by Vetr on Monday, August 24 to “Buy”. The stock of Virgin America Inc (NASDAQ:VA) has “Neutral” rating given on Tuesday, October 11 by JP Morgan. The firm has “Neutral” rating by Credit Suisse given on Monday, April 4. The rating was downgraded by Deutsche Bank to “Hold” on Friday, April 8. On Friday, February 19 the stock rating was maintained by Cowen & Co with “Market Perform”. As per Friday, April 15, the company rating was downgraded by Barclays Capital. The rating was initiated by JP Morgan with “Underweight” on Thursday, January 14. The firm has “Underweight” rating by JP Morgan given on Thursday, February 4. The stock of Virgin America Inc (NASDAQ:VA) has “Buy” rating given on Tuesday, August 4 by Barrington Research. The stock of Virgin America Inc (NASDAQ:VA) earned “Buy” rating by Bank of America on Tuesday, August 4.

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.”

Virgin America Inc. is an airline that provides scheduled air travel in the United States and Mexico. The company has a market cap of $2.73 billion. The Firm operates in air transportation service segment. It has a 7.29 P/E ratio. The Firm operates from Los Angeles and San Francisco with a presence at Dallas Love Field to other destinations in North America.

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.

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.

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