Via Transportation (NYSE:VIA) Price Target Raised to $55.00

Via Transportation (NYSE:VIA) had its target price upped by Citizens Jmp from $37.00 to $55.00 in a report published on Tuesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other analysts have also commented on VIA. Citigroup reissued a “market outperform” rating on shares of Via Transportation in a report on Tuesday. Wells Fargo & Company lifted their target price on Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings downgraded Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 13th. Guggenheim upped their price target on Via Transportation from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Oppenheimer increased their price target on Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.56.

Via Transportation Price Performance

Shares of Via Transportation stock opened at $42.02 on Tuesday. Via Transportation has a one year low of $12.95 and a one year high of $50.88. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -36.86 and a beta of 0.90. The business has a 50-day simple moving average of $32.38 and a 200 day simple moving average of $21.79.

Via Transportation (NYSE:VIA) last released its quarterly earnings data on Monday, November 9th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.04. Via Transportation had a negative net margin of 15.30% and a negative return on equity of 11.87%. The firm had revenue of $143.53 million for the quarter. On average, sell-side analysts expect that Via Transportation will post -0.81 EPS for the current year.

Institutional Investors Weigh In On Via Transportation

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in Via Transportation by 0.3% during the 2nd quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock worth $45,107,000 after purchasing an additional 6,395 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Via Transportation by 39.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after purchasing an additional 308,283 shares during the period. Janus Henderson Group PLC boosted its stake in Via Transportation by 41.9% in the 1st quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock worth $12,819,000 after purchasing an additional 252,381 shares during the period. Renaissance Technologies LLC grew its holdings in Via Transportation by 222.4% during the 1st quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock valued at $4,942,000 after buying an additional 227,300 shares in the last quarter. Finally, Robeco Schweiz AG purchased a new position in Via Transportation during the 3rd quarter valued at about $7,674,000. Hedge funds and other institutional investors own 74.40% of the company’s stock.

About Via Transportation

Via Transportation provides technology that helps public agencies, schools and other organizations plan and operate transportation services. Its platform supports tasks such as trip booking, route planning, vehicle dispatch, rider communications and service analysis. The company’s software is used for a range of services, including on-demand public transit, paratransit, school transportation and employee shuttles. Via also works with transportation providers to coordinate vehicles and connect riders with available services.