JPMorgan Chase & Co. upgraded shares of Davita (NYSE:DVA) from an underweight rating to a neutral rating in a report published on Thursday, Marketbeat reports.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Davita from a hold rating to a buy rating and set a $78.00 price objective for the company in a research note on Monday, July 9th. William Blair reaffirmed a buy rating on shares of Davita in a research note on Wednesday, June 6th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Davita currently has an average rating of Buy and an average price target of $82.13.

DVA stock opened at $70.78 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.90 and a debt-to-equity ratio of 1.82. Davita has a one year low of $52.51 and a one year high of $80.71. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.01 and a beta of 1.10.

Davita (NYSE:DVA) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Davita had a net margin of 4.30% and a return on equity of 14.49%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. sell-side analysts predict that Davita will post 4 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group increased its holdings in shares of Davita by 102.6% in the 2nd quarter. Schroder Investment Management Group now owns 265,663 shares of the company’s stock valued at $18,636,000 after purchasing an additional 134,558 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Davita by 2.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 76,403 shares of the company’s stock valued at $5,305,000 after purchasing an additional 1,543 shares during the period. Green Square Capital LLC acquired a new position in shares of Davita in the 2nd quarter valued at about $208,000. WINTON GROUP Ltd increased its holdings in shares of Davita by 115.8% in the 2nd quarter. WINTON GROUP Ltd now owns 124,478 shares of the company’s stock valued at $8,644,000 after purchasing an additional 66,788 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Davita by 3.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 32,773 shares of the company’s stock valued at $2,276,000 after purchasing an additional 1,070 shares during the period. 87.80% of the stock is owned by institutional investors.

Davita Company Profile

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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Analyst Recommendations for Davita (NYSE:DVA)

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