DaVita HealthCare Partners Inc. (DVA) Upgraded to Outperform by Raymond James Financial Inc.
DaVita HealthCare Partners Inc. (NYSE:DVA) was upgraded by investment analysts at Raymond James Financial Inc. from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.
Several other analysts also recently weighed in on DVA. Wells Fargo & Co. reissued a “buy” rating on shares of DaVita HealthCare Partners in a report on Saturday, June 4th. Zacks Investment Research raised DaVita HealthCare Partners from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Tuesday, July 5th. TheStreet downgraded DaVita HealthCare Partners from a “buy” rating to a “hold” rating in a report on Monday, August 8th. JPMorgan Chase & Co. boosted their target price on DaVita HealthCare Partners from $74.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, August 9th. Finally, Citigroup Inc. assumed coverage on DaVita HealthCare Partners in a report on Tuesday, September 6th. They issued a “neutral” rating and a $71.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.50.
DaVita HealthCare Partners (NYSE:DVA) opened at 63.60 on Tuesday. The firm’s 50-day moving average price is $67.46 and its 200-day moving average price is $73.22. The stock has a market cap of $13.16 billion, a P/E ratio of 37.00 and a beta of 1.07. DaVita HealthCare Partners has a 12 month low of $61.36 and a 12 month high of $78.94.
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DaVita HealthCare Partners (NYSE:DVA) last released its quarterly earnings data on Monday, August 8th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.03. The business earned $3.72 billion during the quarter, compared to analysts’ expectations of $3.67 billion. DaVita HealthCare Partners had a return on equity of 16.48% and a net margin of 2.51%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. On average, analysts predict that DaVita HealthCare Partners will post $3.76 earnings per share for the current year.
In other news, insider Jeanine Marie Jiganti sold 1,291 shares of the stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $78.51, for a total transaction of $101,356.41. Following the completion of the transaction, the insider now directly owns 5,716 shares of the company’s stock, valued at approximately $448,763.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael David Staffieri sold 20,262 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $73.09, for a total value of $1,480,949.58. Following the completion of the sale, the chief operating officer now owns 52,279 shares in the company, valued at approximately $3,821,072.11. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC boosted its stake in DaVita HealthCare Partners by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 1,556 shares of the company’s stock worth $120,000 after buying an additional 37 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in DaVita HealthCare Partners during the second quarter worth $147,000. Mizuho Asset Management Co. Ltd. boosted its stake in DaVita HealthCare Partners by 78.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,191 shares of the company’s stock worth $169,000 after buying an additional 965 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in DaVita HealthCare Partners during the second quarter worth $186,000. Finally, Global X Management Co. LLC boosted its stake in DaVita HealthCare Partners by 59.2% in the second quarter. Global X Management Co. LLC now owns 2,422 shares of the company’s stock worth $187,000 after buying an additional 901 shares in the last quarter. Institutional investors and hedge funds own 83.65% of the company’s stock.
DaVita HealthCare Partners Company Profile
DaVita HealthCare Partners Inc is a provider of kidney care services. The Company operates Kidney Care division and HealthCare Partners (HCP) division. Its segments include U.S. dialysis and related lab services, HCP and Other-Ancillary services and strategic initiatives. Its Kidney Care division is a provider of dialysis services in the United States, treating patients with chronic kidney failure and end stage renal disease (ESRD).
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