Via Transportation (NYSE:VIA) Price Target Cut to $50.00 by Analysts at Guggenheim

Via Transportation (NYSE:VIA) had its target price cut by equities research analysts at Guggenheim from $58.00 to $50.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s price target suggests a potential upside of 169.47% from the company’s previous close.

VIA has been the subject of several other reports. Oppenheimer decreased their target price on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Via Transportation in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of Via Transportation in a research report on Monday, December 29th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Via Transportation in a research report on Monday. Finally, Noble Financial cut Via Transportation to a “buy” rating in a report on Tuesday, December 16th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.70.

Via Transportation Trading Up 8.0%

NYSE:VIA traded up $1.38 during trading hours on Monday, hitting $18.56. 402,790 shares of the company were exchanged, compared to its average volume of 567,756. The company has a market cap of $1.50 billion and a PE ratio of -26.89. Via Transportation has a one year low of $15.48 and a one year high of $56.31. The business’s fifty day moving average is $23.52. The company has a quick ratio of 5.17, a current ratio of 4.98 and a debt-to-equity ratio of 0.04.

Via Transportation (NYSE:VIA) last posted its quarterly earnings data on Friday, February 27th. The company reported $999.00 EPS for the quarter.

Hedge Funds Weigh In On Via Transportation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in Via Transportation in the 3rd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Via Transportation during the fourth quarter valued at $34,000. Assetmark Inc. bought a new position in Via Transportation in the 3rd quarter worth about $36,000. Strs Ohio purchased a new position in Via Transportation during the 4th quarter worth $52,000. Finally, PNC Financial Services Group Inc. bought a new stake in Via Transportation during the 3rd quarter valued at $60,000. 74.40% of the stock is currently owned by hedge funds and other 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.