Via Transportation (NYSE:VIA) Price Target Raised to $50.00

Via Transportation (NYSE:VIA) had its price objective lifted by Wells Fargo & Company from $32.00 to $50.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Via Transportation in a report on Tuesday. Weiss Ratings cut shares of Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 13th. Oppenheimer raised their target price on shares of Via Transportation from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Deutsche Bank reaffirmed a “buy” rating and issued a $35.00 target price on shares of Via Transportation in a research report on Wednesday, October 7th. Finally, Citizens Jmp boosted their target price on shares of Via Transportation from $37.00 to $55.00 and gave the company a “market outperform” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Via Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.56.

Via Transportation Stock Performance

VIA opened at $42.02 on Tuesday. The stock has a market capitalization of $3.42 billion, a P/E ratio of -36.86 and a beta of 0.90. The company’s 50-day simple moving average is $32.38 and its two-hundred day simple moving average is $21.79. Via Transportation has a 52-week low of $12.95 and a 52-week high of $50.88.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Research analysts forecast that Via Transportation will post -0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Via Transportation

Several large investors have recently bought and sold shares of VIA. Wellington Management Group LLP raised its stake in Via Transportation by 0.3% during the second quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock valued at $45,107,000 after purchasing an additional 6,395 shares in the last quarter. Principal Financial Group Inc. lifted its position in Via Transportation by 39.6% during the first quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock valued at $16,297,000 after purchasing an additional 308,283 shares during the last quarter. Janus Henderson Group PLC lifted its position in Via Transportation by 41.9% during the first quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock valued at $12,819,000 after purchasing an additional 252,381 shares during the last quarter. Robeco Schweiz AG bought a new position in Via Transportation during the third quarter valued at $7,674,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Via Transportation in the 3rd quarter worth $6,246,000. Institutional investors own 74.40% of the company’s stock.

Via Transportation Company Profile

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.