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

Via Transportation Inc. (NYSE:VIA) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One 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 price objective among brokers that have issued ratings on the stock in the last year is $38.60.

Several equities research analysts have weighed in on VIA shares. Guggenheim lowered their price objective on shares of Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of Via Transportation from a “sell (e+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $25.00 price objective on shares of Via Transportation in a research report on Wednesday, May 13th. Morgan Stanley restated an “overweight” rating and issued a $24.00 price objective on shares of Via Transportation in a research report on Tuesday, May 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target on shares of Via Transportation in a research report on Monday, March 2nd.

Institutional Investors Weigh In On Via Transportation

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in shares of Via Transportation during the 3rd quarter worth approximately $29,000. Assetmark Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Via Transportation during the 4th quarter worth approximately $34,000. PNC Financial Services Group Inc. acquired a new stake in shares of Via Transportation during the 3rd quarter worth approximately $60,000. Finally, Strs Ohio acquired a new stake in shares of Via Transportation during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

Via Transportation Trading Down 5.8%

VIA opened at $14.04 on Wednesday. The stock has a market capitalization of $1.14 billion and a PE ratio of -15.10. Via Transportation has a 1-year low of $12.95 and a 1-year high of $56.31. The firm has a 50-day moving average price of $15.72 and a two-hundred day moving average price of $24.63.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Friday, February 27th. The company reported $999.00 earnings per share for the quarter. On average, research analysts predict 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.