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

Shares of Via Transportation Inc. (NYSE:VIA) have received an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $56.6364.

VIA has been the topic of several research reports. The Goldman Sachs Group raised shares of Via Transportation from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Oppenheimer set a $59.00 price target on shares of Via Transportation and gave the company an “outperform” rating in a research report on Tuesday, October 7th. JMP Securities initiated coverage on Via Transportation in a research note on Tuesday, October 7th. They issued a “market outperform” rating and a $59.00 target price for the company. Finally, Wells Fargo & Company began coverage on Via Transportation in a research report on Tuesday, October 7th. They set an “overweight” rating and a $60.00 price target on the stock.

Institutional Investors Weigh In On Via Transportation

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in shares of Via Transportation during the third quarter valued at about $29,000. Assetmark Inc. bought a new position in Via Transportation during the 3rd quarter valued at approximately $36,000. PNC Financial Services Group Inc. purchased a new stake in Via Transportation in the 3rd quarter worth approximately $60,000. WINTON GROUP Ltd bought a new stake in shares of Via Transportation in the 3rd quarter worth approximately $219,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Via Transportation during the third quarter valued at approximately $240,000. Institutional investors own 74.40% of the company’s stock.

Via Transportation Stock Down 2.7%

VIA opened at $23.02 on Thursday. The company has a fifty day moving average price of $32.17. Via Transportation has a 52 week low of $22.65 and a 52 week high of $56.31. The company has a current ratio of 5.17, a quick ratio of 5.17 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.86 billion and a PE ratio of -33.36.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.04). The firm had revenue of $109.65 million during the quarter, compared to analysts’ expectations of $106.42 million.

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.