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

Shares of Via Transportation Inc. (NYSE:VIA) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $49.00.

Several brokerages have recently issued reports on VIA. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Via Transportation in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a report on Monday. Oppenheimer cut their price objective on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Finally, Guggenheim decreased their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Monday.

Via Transportation Stock Performance

Shares of NYSE VIA opened at $19.20 on Friday. Via Transportation has a 52-week low of $15.48 and a 52-week high of $56.31. The firm has a market capitalization of $1.56 billion and a PE ratio of -27.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 4.98. The firm’s 50 day moving average price is $22.50.

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

Hedge Funds Weigh In On Via Transportation

Several large investors have recently modified their holdings of VIA. Bank of America Corp DE acquired a new stake in shares of Via Transportation during the 3rd quarter worth about $29,000. Assetmark Inc. bought a new position in Via Transportation in the 3rd quarter valued at about $36,000. Caitong International Asset Management Co. Ltd bought a new position in Via Transportation in the 4th quarter valued at about $34,000. PNC Financial Services Group Inc. acquired a new stake in Via Transportation during the third quarter worth approximately $60,000. Finally, Strs Ohio bought a new stake in shares of Via Transportation during the fourth quarter worth approximately $52,000. 74.40% of the stock is owned by 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.