Via Transportation Inc. (NYSE:VIA) Receives $38.60 Consensus Target Price from Analysts

Via Transportation Inc. (NYSE:VIA) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $38.60.

Several research firms have issued reports on VIA. The Goldman Sachs Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of Via Transportation in a report on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $24.00 price objective on shares of Via Transportation in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $25.00 price objective on Via Transportation in a report on Wednesday, May 13th. Guggenheim reduced their price objective on Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th.

Via Transportation Price Performance

Shares of VIA opened at $14.48 on Wednesday. The business’s 50 day simple moving average is $15.37 and its 200-day simple moving average is $23.30. Via Transportation has a one year low of $12.95 and a one year high of $56.31. The company has a market capitalization of $1.18 billion and a P/E ratio of -15.57.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter. On average, sell-side analysts anticipate that Via Transportation will post -0.77 EPS for the current fiscal year.

Institutional Trading of Via Transportation

Institutional investors and hedge funds have recently made changes to their positions in the business. Ion Asset Management Ltd. bought a new stake in shares of Via Transportation during the 3rd quarter valued at $4,808,000. Koch Inc. bought a new stake in shares of Via Transportation during the 3rd quarter valued at $81,747,000. Principal Financial Group Inc. bought a new stake in shares of Via Transportation during the 3rd quarter valued at $14,394,000. Federated Hermes Inc. bought a new stake in shares of Via Transportation during the 3rd quarter valued at $9,616,000. Finally, Capital Research Global Investors bought a new stake in shares of Via Transportation during the 3rd quarter valued at $40,536,000. Institutional investors own 74.40% of the company’s stock.

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.