Via Transportation Inc. (NYSE:VIA) Receives Consensus Rating of “Moderate Buy” from Analysts

Via Transportation Inc. (NYSE:VIA) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $49.00.

A number of equities research analysts have recently issued reports on the stock. Guggenheim cut their target price on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. 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. Noble Financial lowered Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Morgan Stanley cut their price objective on Via Transportation from $41.00 to $28.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th.

Hedge Funds Weigh In On Via Transportation

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in Via Transportation during the third quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Via Transportation in the 4th quarter worth about $34,000. Assetmark Inc. acquired a new position in shares of Via Transportation in the 3rd quarter valued at about $36,000. Strs Ohio bought a new stake in shares of Via Transportation during the 4th quarter valued at about $52,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Via Transportation during the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Trading Down 3.9%

Shares of NYSE:VIA opened at $17.98 on Friday. The company has a market capitalization of $1.46 billion and a price-to-earnings ratio of -26.06. The stock has a fifty day moving average of $21.41. Via Transportation has a 12-month low of $15.48 and a 12-month high of $56.31.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Friday, February 27th. The company reported $999.00 EPS for the quarter.

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.