Guggenheim Has Lowered Expectations for Via Transportation (NYSE:VIA) Stock Price

Via Transportation (NYSE:VIA) had its price objective cut by equities researchers at Guggenheim from $58.00 to $50.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 177.01% from the stock’s previous close.

A number of other research firms also recently commented on VIA. Noble Financial downgraded Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Via Transportation in a research report on Monday. Morgan Stanley upgraded shares of Via Transportation from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 20th. Oppenheimer decreased their price target on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of Via Transportation in a research note on Monday. Twelve investment 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.com, Via Transportation presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Via Transportation Trading Down 0.6%

Shares of NYSE VIA opened at $18.05 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 4.98. The company has a market capitalization of $1.46 billion and a price-to-earnings ratio of -26.16. The business’s 50 day moving average price is $22.96. Via Transportation has a 1-year low of $15.48 and a 1-year high of $56.31.

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.

Hedge Funds Weigh In On Via Transportation

A number of hedge funds have recently bought and sold shares of VIA. Koch Inc. bought a new stake in Via Transportation in the 3rd quarter valued at about $81,747,000. Principal Financial Group Inc. purchased a new stake in shares of Via Transportation during the 3rd quarter valued at approximately $14,394,000. Stephens Investment Management Group LLC bought a new position in Via Transportation in the 3rd quarter worth approximately $4,787,000. Federated Hermes Inc. purchased a new position in Via Transportation in the 3rd quarter valued at approximately $9,616,000. Finally, Monashee Investment Management LLC bought a new stake in Via Transportation during the 3rd quarter valued at $3,366,000. 74.40% of the stock is 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.