DaVita (NYSE:DVA) Cut to “Hold” at StockNews.com

StockNews.com cut shares of DaVita (NYSE:DVA) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other research firms also recently commented on DVA. Sanford C. Bernstein set a $184.00 price objective on DaVita in a research note on Friday, February 21st. Barclays upped their target price on DaVita from $164.00 to $169.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Finally, Cowen restated a “hold” rating on shares of DaVita in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $166.33.

DaVita Stock Down 0.5 %

NYSE DVA opened at $148.25 on Friday. The business has a fifty day moving average price of $158.53 and a 200 day moving average price of $157.56. DaVita has a one year low of $125.64 and a one year high of $179.60. The company has a debt-to-equity ratio of 23.18, a quick ratio of 1.21 and a current ratio of 1.26. The company has a market cap of $11.86 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.07 and a beta of 0.99.

DaVita (NYSE:DVA) last posted its quarterly earnings data on Thursday, February 13th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.14 by $0.10. DaVita had a return on equity of 115.48% and a net margin of 7.31%. Research analysts anticipate that DaVita will post 10.76 EPS for the current fiscal year.

Hedge Funds Weigh In On DaVita

A number of hedge funds have recently modified their holdings of DVA. Copia Wealth Management purchased a new position in shares of DaVita during the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in DaVita during the 4th quarter valued at about $41,000. Coppell Advisory Solutions LLC boosted its holdings in DaVita by 50.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 300 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Canada Post Corp Registered Pension Plan purchased a new position in DaVita during the 4th quarter valued at about $55,000. Finally, Quarry LP purchased a new position in DaVita during the 3rd quarter valued at about $60,000. 90.12% of the stock is currently owned by hedge funds and other institutional investors.

About DaVita

DaVita Inc provides kidney dialysis services for patients suffering from chronic kidney failure in the United States. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers. It also offers outpatient, hospital inpatient, and home-based hemodialysis services; operates 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.