Via Transportation (NYSE:VIA) Given New $40.00 Price Target at Oppenheimer

Via Transportation (NYSE:VIA) had its target price trimmed by Oppenheimer from $59.00 to $40.00 in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley upgraded shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Citigroup initiated coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft set a $55.00 target price on Via Transportation and gave the stock a “buy” rating in a report on Tuesday, October 7th. Wolfe Research initiated coverage on Via Transportation in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $60.00 price target for the company. Finally, Guggenheim started coverage on shares of Via Transportation in a research note on Tuesday, October 7th. They set a “buy” rating and a $58.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.91.

Via Transportation Stock Performance

VIA opened at $26.45 on Thursday. The stock’s fifty day moving average price is $30.88. The firm has a market capitalization of $2.14 billion and a P/E ratio of -38.33. Via Transportation has a fifty-two week low of $22.65 and a fifty-two week high of $56.31. The company has a quick ratio of 5.17, a current ratio of 5.17 and a debt-to-equity ratio of 0.04.

Via Transportation (NYSE:VIA) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The business had revenue of $109.65 million for the quarter, compared to analyst estimates of $106.42 million.

Hedge Funds Weigh In On Via Transportation

A number of institutional investors have recently added to or reduced their stakes in VIA. Wellington Management Group LLP bought a new stake in shares of Via Transportation during the third quarter worth $93,662,000. Koch Inc. bought a new position in shares of Via Transportation in the 3rd quarter valued at $81,747,000. Capital Research Global Investors acquired a new stake in shares of Via Transportation during the 3rd quarter valued at $40,536,000. Vanguard Group Inc. bought a new stake in Via Transportation during the 3rd quarter worth $39,965,000. Finally, Capital World Investors acquired a new position in Via Transportation in the 3rd quarter worth about $26,444,000. 74.40% of the stock is currently owned by institutional investors and hedge funds.

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.