Via Transportation (NYSE:VIA) Price Target Lowered to $28.00 at Morgan Stanley

Via Transportation (NYSE:VIA) had its price target cut by Morgan Stanley from $41.00 to $28.00 in a report released on Monday,Benzinga reports. They currently have an overweight rating on the stock.

VIA has been the topic of a number of other reports. Needham & Company LLC restated a “buy” rating and set a $55.00 price target on shares of Via Transportation in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 target price on shares of Via Transportation in a research note on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Guggenheim reduced their price objective on Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Noble Financial lowered Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Via Transportation Price Performance

Shares of NYSE:VIA opened at $18.14 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.98 and a quick ratio of 5.17. Via Transportation has a 1 year low of $15.48 and a 1 year high of $56.31. The firm has a market capitalization of $1.47 billion and a price-to-earnings ratio of -26.29. The stock has a 50 day moving average price of $23.22.

Via Transportation (NYSE:VIA) last announced its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in Via Transportation in the third quarter valued at $29,000. Assetmark Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter worth about $36,000. Caitong International Asset Management Co. Ltd purchased a new stake in Via Transportation in the 4th quarter valued at about $34,000. PNC Financial Services Group Inc. acquired a new position in Via Transportation in the third quarter valued at about $60,000. Finally, Strs Ohio acquired a new position in Via Transportation in the fourth quarter valued at about $52,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

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.