DaVita (NYSE:DVA) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of DaVita (NYSE:DVA – Free Report) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other research firms have also weighed in on DVA. Truist Financial lowered their price objective on DaVita from $250.00 to $215.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. UBS Group raised their target price on DaVita from $235.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Oppenheimer set a $220.00 price target on DaVita in a research note on Friday, August 7th. Zacks Research lowered DaVita from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings cut DaVita from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $233.43.

Read Our Latest Stock Analysis on DVA

DaVita Stock Performance

NYSE:DVA opened at $177.74 on Friday. The company has a 50-day moving average of $193.10 and a 200-day moving average of $188.10. DaVita has a 52 week low of $101.00 and a 52 week high of $247.49. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.46 and a beta of 0.83.

DaVita (NYSE:DVA – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.14. DaVita had a net margin of 6.05% and a negative return on equity of 217.63%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same quarter in the previous year, the firm posted $2.95 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. DaVita has set its FY 2026 guidance at 14.100-15.200 EPS. Sell-side analysts forecast that DaVita will post 14.57 EPS for the current year.

Institutional Investors Weigh In On DaVita

A number of large investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. bought a new position in DaVita in the 2nd quarter valued at $268,000. Sequoia Financial Advisors LLC boosted its stake in DaVita by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 2,791 shares of the company’s stock worth $621,000 after purchasing an additional 164 shares in the last quarter. IPG Investment Advisors LLC bought a new stake in shares of DaVita during the second quarter worth $1,938,000. Integrated Wealth Concepts LLC increased its stake in shares of DaVita by 164.5% in the second quarter. Integrated Wealth Concepts LLC now owns 10,530 shares of the company’s stock valued at $2,343,000 after buying an additional 6,549 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of DaVita by 66.4% in the second quarter. NewEdge Advisors LLC now owns 361 shares of the company’s stock valued at $80,000 after buying an additional 144 shares during the last quarter. 90.12% of the stock is currently owned by institutional investors.

DaVita Company Profile

(Get Free Report)

DaVita Inc (NYSE: DVA) is a healthcare company focused primarily on kidney care. Through its DaVita Kidney Care business, the company provides outpatient dialysis services for people with chronic kidney failure, including in-center hemodialysis and home-based dialysis options. Its services also include clinical care, education, nutrition support and other resources intended to help patients manage kidney disease.

DaVita also provides broader kidney-care services, including chronic kidney disease management, care coordination and support for patients who may be candidates for kidney transplantation.

See Also

Analyst Recommendations for DaVita (NYSE:DVA)

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