Morgan Stanley Lowers Via Transportation (NYSE:VIA) Price Target to $28.00

Via Transportation (NYSE:VIA) had its price objective cut by Morgan Stanley from $41.00 to $28.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 54.44% from the stock’s previous close.

Several other equities research analysts also recently commented on VIA. Oppenheimer reduced their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, January 22nd. Noble Financial lowered shares of Via Transportation to a “buy” rating in a research note on Tuesday, December 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Via Transportation in a report on Monday. Guggenheim lowered their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Via Transportation Stock Up 5.5%

Via Transportation stock traded up $0.95 during midday trading on Monday, hitting $18.13. The company’s stock had a trading volume of 520,668 shares, compared to its average volume of 572,805. Via Transportation has a 12 month low of $15.48 and a 12 month high of $56.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.98 and a quick ratio of 5.17. The firm has a market capitalization of $1.47 billion and a P/E ratio of -26.02. The business’s 50-day simple moving average is $23.52.

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

Institutional Trading of Via Transportation

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new position in shares of Via Transportation during the 3rd quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Via Transportation during the fourth quarter worth $34,000. Assetmark Inc. bought a new position in Via Transportation during the third quarter valued at about $36,000. Strs Ohio acquired a new position in shares of Via Transportation during the 4th quarter valued at about $52,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Via Transportation in the 3rd quarter valued at approximately $60,000. 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.