Shares of Davita Inc (NYSE:DVA) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $65.57.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded Davita from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Deutsche Bank lowered their price objective on Davita from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, SunTrust Banks restated a “hold” rating on shares of Davita in a research report on Wednesday, February 20th.
Institutional investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. boosted its position in Davita by 61.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 581 shares of the company’s stock worth $30,000 after purchasing an additional 222 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Davita by 467.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 556 shares of the company’s stock valued at $30,000 after buying an additional 458 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Davita by 155.7% during the 1st quarter. Fifth Third Bancorp now owns 652 shares of the company’s stock valued at $35,000 after buying an additional 397 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Davita by 4,995.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,880,451 shares of the company’s stock valued at $37,000 after buying an additional 1,843,544 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Davita by 63.5% during the 1st quarter. Clearbridge Investments LLC now owns 798 shares of the company’s stock valued at $43,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 87.65% of the company’s stock.
Davita (NYSE:DVA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.04). Davita had a return on equity of 13.96% and a net margin of 1.15%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the company posted $1.05 EPS. Davita’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts forecast that Davita will post 4.23 earnings per share for the current year.
DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease (ESRD). The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also provides outpatient, hospital inpatient, and home-based hemodialysis services; owns clinical laboratories that provide routine laboratory tests for dialysis and other physician-prescribed laboratory tests for ESRD patients; and management and administrative services to outpatient dialysis centers.
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