Via Transportation Inc. (NYSE:VIA) Receives $49.00 Consensus Target Price from Brokerages

Via Transportation Inc. (NYSE:VIA) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $49.00.

Several analysts recently commented on the stock. 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. Oppenheimer reduced their target price on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a research note on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Finally, Guggenheim reduced their target price on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, March 2nd.

Institutional Trading of Via Transportation

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP acquired a new stake in shares of Via Transportation in the third quarter worth $93,662,000. Koch Inc. acquired a new stake in shares of Via Transportation in the third quarter worth $81,747,000. Capital Research Global Investors lifted its stake in shares of Via Transportation by 153.9% in the fourth quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock worth $62,087,000 after buying an additional 1,297,114 shares during the last quarter. Vanguard Group Inc. acquired a new stake in shares of Via Transportation in the third quarter worth $39,965,000. Finally, Capital International Investors acquired a new stake in shares of Via Transportation in the third quarter worth $26,444,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Via Transportation Stock Performance

VIA stock opened at $15.23 on Friday. The stock has a market cap of $1.24 billion and a P/E ratio of -22.08. The firm has a 50 day simple moving average of $16.25 and a 200 day simple moving average of $27.96. Via Transportation has a 52 week low of $13.11 and a 52 week high of $56.31.

Via Transportation (NYSE:VIA) last posted its quarterly earnings results on Friday, February 27th. The company reported $999.00 EPS for the quarter. Sell-side analysts predict that Via Transportation will post -0.77 EPS for the current year.

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.