Guggenheim Cuts Via Transportation (NYSE:VIA) Price Target to $50.00

Via Transportation (NYSE:VIA) had its target price trimmed by Guggenheim from $58.00 to $50.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on VIA. Oppenheimer reduced their price target on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, January 22nd. Noble Financial cut Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Needham & Company LLC restated a “buy” rating and set a $55.00 price target on shares of Via Transportation in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Via Transportation in a research note on Monday. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Trading Up 5.6%

NYSE VIA opened at $19.14 on Monday. Via Transportation has a 12 month low of $15.48 and a 12 month high of $56.31. The company has a current ratio of 4.98, a quick ratio of 5.17 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.55 billion and a PE ratio of -27.74. The business has a 50 day simple moving average of $22.73.

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

Institutional Investors Weigh In On Via Transportation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Koch Inc. bought a new stake in Via Transportation in the third quarter worth $81,747,000. Principal Financial Group Inc. bought a new stake in shares of Via Transportation in the 3rd quarter worth about $14,394,000. Stephens Investment Management Group LLC purchased a new position in shares of Via Transportation during the 3rd quarter worth about $4,787,000. Federated Hermes Inc. bought a new position in Via Transportation during the 3rd quarter valued at about $9,616,000. Finally, Monashee Investment Management LLC purchased a new stake in Via Transportation in the 3rd quarter worth about $3,366,000. 74.40% of the stock is currently owned by hedge funds and other institutional investors.

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.