Virgin America Inc (NASDAQ:VA) announces the appointment of Jennifer Vogel and Paul Wachter to the Virgin America Board of Directors, effective immediately. With these additions, the Virgin America Board expands to 11 directors. Ms. Vogel was most recently Senior Vice President, General Counsel, Secretary and Chief Compliance Officer of Continental Airlines, Inc. in Houston. Mr. Wachter is the founder and CEO of financial and asset management advisory firm Main Street Advisors in Los Angeles.
“Jennifer Vogel and Paul Wachter are two highly experienced business executives who will bring added depth and insights to our Board of Directors. We are delighted to welcome both Jennifer and Paul to the Board,” said Donald J. Carty, the Chairman of the Board of Virgin America.
Ms. Vogel, 53, serves on the Board of Directors of American Science and Engineering, Inc. (AS&E), a leading worldwide supplier of innovative X-ray inspection systems. She is a graduate of the University of Texas School of Law and received an undergraduate degree from the University of Iowa.
Mr. Wachter, 58, serves on the Board of Directors of Time Warner Inc., Avalanche Biotechnologies, Inc., and as a Regenton the University of California Board of Regents. He is a graduate of Columbia Law School and received an undergraduate degree from the Wharton School of the University of Pennsylvania. (Original Source)
Shares of Virgin America opened today at $34.86 and are currently trading up at $34.98. VA has a 1-year high of $45.43 and a 1-year low of $26.50. The stock’s 50-day moving average is $30.37 and its 200-day moving average is $31.11.
On the ratings front, Virgin America (NASDAQ: VA) has been the subject of a number of recent research reports. In a report issued on August 4, Merrill Lynch analyst Andrew Didora upgraded VA to Buy, with a price target of $41, which represents a potential upside of 17.6% from where the stock is currently trading. Separately, on July 31, Credit Suisse’s Julie Yates maintained a Sell rating on the stock and has a price target of $33.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Andrew Didora and Julie Yates have a total average return of -5.2% and 5.0% respectively. Didora has a success rate of 30.0% and is ranked #3074 out of 3736 analysts, while Yates has a success rate of 48.3% and is ranked #1457.
Overall, 2 research analysts have rated the stock with a Sell rating, one research analyst has assigned a Hold rating and 2 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $43.50 which is 24.8% above where the stock opened today.
Virgin America Inc is low-cost airline that provides scheduled air travel in the continental United States and Mexico. It operates from four cities of Los Angeles and San Francisco, with a smaller presence at Dallas Love Field.