Via Transportation (NYSE:VIA) Given New $30.00 Price Target at Wells Fargo & Company

Via Transportation (NYSE:VIA) had its price target dropped by analysts at Wells Fargo & Company from $36.00 to $30.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 109.50% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Oppenheimer decreased their price objective on shares of Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley restated an “overweight” rating and issued a $24.00 price target on shares of Via Transportation in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Via Transportation in a report on Monday, March 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $24.00 price target on shares of Via Transportation in a research report on Wednesday. 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, March 2nd. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.60.

Via Transportation Stock Up 1.4%

Shares of NYSE:VIA traded up $0.20 during trading on Wednesday, hitting $14.32. 116,951 shares of the stock traded hands, compared to its average volume of 683,669. The company has a market cap of $1.16 billion and a price-to-earnings ratio of -20.74. The company has a fifty day moving average price of $16.17 and a two-hundred day moving average price of $25.94. Via Transportation has a 52-week low of $13.11 and a 52-week high of $56.31.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share (EPS) for the quarter. On average, equities research analysts predict that Via Transportation will post -0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new stake in Via Transportation during the 3rd quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Via Transportation in the fourth quarter valued at approximately $34,000. Assetmark Inc. purchased a new position in shares of Via Transportation in the third quarter valued at approximately $36,000. Strs Ohio acquired a new stake in shares of Via Transportation in the fourth quarter worth approximately $52,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Via Transportation during the third quarter worth approximately $60,000. Institutional investors and hedge funds own 74.40% of the company’s stock.

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.