Via Transportation (NYSE:VIA) Reaches New 1-Year Low – Here’s Why

Via Transportation Inc. (NYSE:VIA) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.58 and last traded at $22.88, with a volume of 46797 shares. The stock had previously closed at $23.25.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citizens Jmp assumed coverage on shares of Via Transportation in a research note on Tuesday, October 7th. They set a “mkt outperform” rating and a $59.00 price target on the stock. Wells Fargo & Company assumed coverage on Via Transportation in a research report on Tuesday, October 7th. They issued an “overweight” rating and a $60.00 target price on the stock. William Blair initiated coverage on Via Transportation in a report on Tuesday, October 7th. They issued an “outperform” rating on the stock. Guggenheim began coverage on Via Transportation in a research note on Tuesday, October 7th. They set a “buy” rating and a $58.00 price target for the company. Finally, Morgan Stanley raised Via Transportation from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 20th. Thirteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.91.

Via Transportation Price Performance

The stock has a market capitalization of $1.73 billion and a price-to-earnings ratio of -30.87. The company has a 50-day simple moving average of $28.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.17 and a quick ratio of 5.17.

Via Transportation (NYSE:VIA) last released its quarterly 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 company had revenue of $109.65 million for the quarter, compared to analysts’ expectations of $106.42 million.

Institutional Investors Weigh In On Via Transportation

A number of hedge funds have recently bought and sold shares of VIA. Wellington Management Group LLP acquired a new position in shares of Via Transportation in the 3rd quarter valued at approximately $93,662,000. Koch Inc. bought a new stake in shares of Via Transportation in the third quarter worth $81,747,000. Capital Research Global Investors acquired a new stake in Via Transportation in the third quarter valued at $40,536,000. Vanguard Group Inc. bought a new position in Via Transportation during the 3rd quarter valued at $39,965,000. Finally, Capital International Investors acquired a new position in Via Transportation during the 3rd quarter worth $26,444,000. 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.