Via Transportation (NYSE:VIA) Price Target Raised to $48.00

Via Transportation (NYSE:VIA) had its price target lifted by Morgan Stanley from $33.00 to $48.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued reports about the stock. Citigroup reissued a “market outperform” rating on shares of Via Transportation in a research report on Tuesday. Oppenheimer raised their price target on shares of Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Deutsche Bank reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Via Transportation in a research note on Wednesday, October 7th. Citizens Jmp upped their price objective on shares of Via Transportation from $37.00 to $55.00 and gave the stock a “market outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their target price on shares of Via Transportation from $32.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Via Transportation presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.56.

Via Transportation Price Performance

VIA opened at $42.02 on Tuesday. The company has a market capitalization of $3.42 billion, a PE ratio of -36.86 and a beta of 0.90. Via Transportation has a fifty-two week low of $12.95 and a fifty-two week high of $50.88. The business has a 50-day moving average of $32.38 and a 200-day moving average of $21.79.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.04. The business had revenue of $143.53 million during the quarter. Via Transportation had a negative return on equity of 11.87% and a negative net margin of 15.30%. On average, equities research analysts expect that Via Transportation will post -0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Via Transportation by 0.3% during the second quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock valued at $45,107,000 after acquiring an additional 6,395 shares during the period. Principal Financial Group Inc. increased its stake in shares of Via Transportation by 39.6% in the first quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after purchasing an additional 308,283 shares during the period. Janus Henderson Group PLC lifted its position in shares of Via Transportation by 41.9% during the 1st quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock worth $12,819,000 after purchasing an additional 252,381 shares during the last quarter. Robeco Schweiz AG acquired a new position in shares of Via Transportation during the 3rd quarter worth about $7,674,000. Finally, Penn Capital Management Company LLC bought a new stake in Via Transportation during the 3rd quarter valued at approximately $6,246,000. Institutional investors own 74.40% of the company’s stock.

About Via Transportation

Via Transportation provides technology that helps public agencies, schools and other organizations plan and operate transportation services. Its platform supports tasks such as trip booking, route planning, vehicle dispatch, rider communications and service analysis. The company’s software is used for a range of services, including on-demand public transit, paratransit, school transportation and employee shuttles. Via also works with transportation providers to coordinate vehicles and connect riders with available services.