Via Transportation Inc. (NYSE:VIA) Receives $54.91 Consensus Price Target from Brokerages

Shares of Via Transportation Inc. (NYSE:VIA) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $54.9091.

VIA has been the subject of a number of research analyst reports. The Goldman Sachs Group raised Via Transportation from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 13th. Noble Financial downgraded shares of Via Transportation to a “buy” rating in a research report on Tuesday, December 16th. Morgan Stanley upgraded shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 20th. Needham & Company LLC restated a “buy” rating on shares of Via Transportation in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Via Transportation in a report on Monday, December 29th.

Institutional Trading of Via Transportation

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in Via Transportation during the third quarter worth $29,000. Assetmark Inc. bought a new position in Via Transportation in the third quarter valued at $36,000. Strs Ohio bought a new stake in shares of Via Transportation in the 4th quarter valued at about $52,000. PNC Financial Services Group Inc. bought a new position in shares of Via Transportation in the third quarter valued at about $60,000. Finally, Deutsche Bank AG acquired a new position in shares of Via Transportation in the fourth quarter valued at about $168,000. 74.40% of the stock is owned by hedge funds and other institutional investors.

Via Transportation Trading Down 11.3%

Shares of VIA stock opened at $18.50 on Monday. The company has a 50 day moving average of $27.07. The company has a market capitalization of $1.50 billion and a PE ratio of -26.81. The company has a current ratio of 5.17, a quick ratio of 5.17 and a debt-to-equity ratio of 0.04. Via Transportation has a 1 year low of $18.43 and a 1 year high of $56.31.

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

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.