Via Transportation Inc. (NYSE:VIA) Receives $56.64 Consensus PT from Analysts

Shares of Via Transportation Inc. (NYSE:VIA) have been given an average rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $56.6364.

Several analysts recently commented on VIA shares. Morgan Stanley began coverage on Via Transportation in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $53.00 price target for the company. William Blair began coverage on shares of Via Transportation in a research note on Tuesday, October 7th. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft set a $55.00 price objective on shares of Via Transportation and gave the company a “buy” rating in a report on Tuesday, October 7th. Guggenheim assumed coverage on Via Transportation in a research note on Tuesday, October 7th. They set a “buy” rating and a $58.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Via Transportation in a research note on Tuesday, December 16th.

Via Transportation Stock Down 2.7%

Shares of NYSE:VIA opened at $23.02 on Thursday. The company has a quick ratio of 5.17, a current ratio of 5.17 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.86 billion and a P/E ratio of -33.36. The business has a 50 day simple moving average of $32.74. Via Transportation has a 52 week low of $22.65 and a 52 week high of $56.31.

Via Transportation (NYSE:VIA) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The firm had revenue of $109.65 million during the quarter, compared to analysts’ expectations of $106.42 million.

Institutional Investors Weigh In On Via Transportation

Several institutional investors and hedge funds have recently modified their holdings of VIA. Bank of America Corp DE purchased a new stake in Via Transportation during the third quarter worth about $29,000. Assetmark Inc. purchased a new position in shares of Via Transportation in the 3rd quarter valued at $36,000. PNC Financial Services Group Inc. acquired a new stake in shares of Via Transportation in the 3rd quarter valued at about $60,000. WINTON GROUP Ltd acquired a new position in Via Transportation during the third quarter worth approximately $219,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Via Transportation in the third quarter valued at approximately $240,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.