Brokerages Set Via Transportation Inc. (NYSE:VIA) PT at $49.00

Via Transportation Inc. (NYSE:VIA) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $49.00.

Several brokerages have weighed in on VIA. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Noble Financial cut Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Oppenheimer cut their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of Via Transportation in a report on Monday, March 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Via Transportation in a research report on Monday, March 2nd.

Institutional Investors Weigh In On Via Transportation

Several institutional investors have recently made changes to their positions in the company. Capital Research Global Investors boosted its stake in shares of Via Transportation by 153.9% during the 4th quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock worth $62,087,000 after purchasing an additional 1,297,114 shares during the period. Wellington Management Group LLP purchased a new stake in Via Transportation in the 3rd quarter worth about $93,662,000. Koch Inc. bought a new stake in Via Transportation in the third quarter worth about $81,747,000. Vanguard Group Inc. purchased a new position in shares of Via Transportation during the third quarter valued at approximately $39,965,000. Finally, ArrowMark Colorado Holdings LLC boosted its position in shares of Via Transportation by 41.2% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 599,909 shares of the company’s stock valued at $17,403,000 after buying an additional 174,909 shares during the period. Institutional investors own 74.40% of the company’s stock.

Via Transportation Stock Down 0.4%

Shares of NYSE:VIA opened at $19.08 on Friday. The business has a fifty day simple moving average of $22.28. Via Transportation has a 52 week low of $15.48 and a 52 week high of $56.31. The company has a quick ratio of 5.17, a current ratio of 4.98 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.55 billion and a PE ratio of -27.65.

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

About Via Transportation

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.