Via Transportation Inc. (NYSE:VIA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Via Transportation Inc. (NYSE:VIA) has been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $56.6364.

Several equities analysts have issued reports on the stock. Wall Street Zen upgraded shares of Via Transportation to a “hold” rating in a research note on Wednesday, September 24th. JMP Securities initiated coverage on Via Transportation in a research note on Tuesday, October 7th. They set a “market outperform” rating and a $59.00 price target on the stock. Wolfe Research began coverage on Via Transportation in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $60.00 price objective for the company. William Blair began coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating for the company. Finally, Oppenheimer set a $59.00 target price on shares of Via Transportation and gave the company an “outperform” rating in a report on Tuesday, October 7th.

Via Transportation Price Performance

Shares of VIA opened at $33.11 on Friday. Via Transportation has a 52-week low of $28.23 and a 52-week high of $56.31. The company has a 50 day simple moving average of $41.71.

Via Transportation (NYSE:VIA) last issued its earnings results on Friday, November 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.04). The firm had revenue of $109.65 million for the quarter, compared to analyst estimates of $106.42 million.

Institutional Investors Weigh In On Via Transportation

Several hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. purchased a new stake in Via Transportation during the 3rd quarter valued at approximately $915,000. Caisse de depot et placement du Quebec acquired a new position in shares of Via Transportation in the third quarter valued at approximately $873,000. Legal & General Group Plc purchased a new stake in shares of Via Transportation during the third quarter worth approximately $239,000. Blair William & Co. IL acquired a new stake in shares of Via Transportation during the third quarter worth $764,000. Finally, Susquehanna International Group LLP purchased a new position in Via Transportation in the 3rd quarter valued at $381,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.