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

Shares of Via Transportation Inc. (NYSE:VIA) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $38.60.

A number of research firms have recently commented on VIA. Deutsche Bank Aktiengesellschaft set a $25.00 price objective on shares of Via Transportation in a report on Wednesday, May 13th. Guggenheim reduced their price objective on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Morgan Stanley reissued an “overweight” rating and set a $24.00 price target on shares of Via Transportation in a report on Tuesday, May 12th. Raymond James Financial set a $19.00 price target on shares of Via Transportation in a report on Tuesday, May 12th. Finally, Wells Fargo & Company cut their price target on shares of Via Transportation from $36.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th.

Hedge Funds Weigh In On Via Transportation

Several institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in Via Transportation by 153.9% during the 4th quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock valued at $62,087,000 after purchasing an additional 1,297,114 shares during the last quarter. Wellington Management Group LLP bought a new position in Via Transportation during the 3rd quarter valued at about $93,662,000. Koch Inc. bought a new position in Via Transportation during the 3rd quarter valued at about $81,747,000. Principal Financial Group Inc. lifted its holdings in Via Transportation by 39.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock valued at $16,297,000 after purchasing an additional 308,283 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Via Transportation by 41.9% during the 1st quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock valued at $12,819,000 after purchasing an additional 252,381 shares during the last quarter. 74.40% of the stock is owned by institutional investors.

Via Transportation Stock Performance

NYSE:VIA opened at $14.04 on Wednesday. The company has a 50-day moving average of $15.72 and a 200-day moving average of $24.63. The company has a market capitalization of $1.14 billion and a price-to-earnings ratio of -15.10. Via Transportation has a 52 week low of $12.95 and a 52 week high of $56.31.

Via Transportation (NYSE:VIA) last released its quarterly earnings data on Friday, February 27th. The company reported $999.00 EPS for the quarter. Sell-side analysts forecast that Via Transportation will post -0.77 EPS for the current year.

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.