Morgan Stanley Issues Pessimistic Forecast for Via Transportation (NYSE:VIA) Stock Price

Via Transportation (NYSE:VIA) had its price target decreased by equities researchers at Morgan Stanley from $41.00 to $28.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 55.12% from the stock’s current price.

A number of other analysts have also recently weighed in on VIA. Weiss Ratings restated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Via Transportation in a report on Monday. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of Via Transportation in a report on Monday. Oppenheimer lowered their price target on Via Transportation from $59.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, January 22nd. Finally, Guggenheim cut their price objective on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Via Transportation presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Via Transportation Stock Performance

Shares of NYSE VIA opened at $18.05 on Monday. The firm’s 50-day moving average is $22.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.17 and a current ratio of 4.98. Via Transportation has a 52 week low of $15.48 and a 52 week high of $56.31. The firm has a market cap of $1.46 billion and a price-to-earnings ratio of -26.16.

Via Transportation (NYSE:VIA) last announced its earnings results 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 institutional investors have recently added to or reduced their stakes in VIA. Capital Research Global Investors boosted its stake in Via Transportation by 153.9% in the 4th quarter. Capital Research Global Investors now owns 2,140,200 shares of the company’s stock valued at $62,087,000 after buying an additional 1,297,114 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Via Transportation during the third quarter valued at $93,662,000. Koch Inc. acquired a new stake in shares of Via Transportation in the 3rd quarter valued at $81,747,000. Vanguard Group Inc. bought a new stake in shares of Via Transportation in the 3rd quarter worth about $39,965,000. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of Via Transportation by 41.2% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 599,909 shares of the company’s stock worth $17,403,000 after purchasing an additional 174,909 shares in the last quarter. 74.40% of the stock is owned by institutional investors and hedge funds.

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.