DaVita Inc (NYSE: DVA) has reported E.P.S. of $2.56 for its second fiscal quarter (ending June 30) versus $1.96 for the same period a year ago — an increase of 31%. However, this performance was $-0.07 short of the consensus estimate of $2.63. E.P.S. were $9.66 for the latest four quarters through June 30 versus $5.01 for the same period a year ago — an increase of 93%.
Recent Price Action
DaVita Inc (NYSE: DVA) stock closed at $136.99 on 8/6/24 after an increase of 1.2%. Moreover, this advance was accompanied by unusually high trading volume at 155% of normal. The stock has declined -1.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DVA is expected to continue to be a major Value Builder.
DaVita has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. DaVita has a neutral Appreciation Score of 56 but a very high Power Rating of 87, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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