DaVita Inc (DVA) stock expected to decline by -23.36%: What’s driving the pessimism?

A share price of DaVita Inc [DVA] is currently trading at $125.26, up 1.95%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DVA shares have gain 4.50% over the last week, with a monthly amount glided 19.91%, and seem to be holding up well over a long-time horizon.

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On 13, February 2024, DaVita Inc. 4th Quarter 2023 Results. In a post published today on Yahoo Finance, DaVita Inc. (NYSE: DVA) announced financial and operating results for the quarter and year ended December 31, 2023.

From an analyst’s perspective:

DaVita Inc [NYSE: DVA] stock has seen the most recent analyst activity on August 07, 2023, when UBS upgraded its rating to a Buy and also boosted its price target to $142 from $100. Previously, Deutsche Bank downgraded its rating to Hold on November 01, 2022, and dropped its price target to $72. On October 31, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $74 on the stock. BofA Securities reiterated its recommendation of a Underperform and reduced its price target to $90 on June 21, 2022. Cowen started tracking with a Market Perform rating for this stock on September 10, 2021, and assigned it a price target of $145. In a note dated August 12, 2021, Barclays downgraded an Equal Weight rating on this stock and boosted its target price from $135 to $146.

DaVita Inc experienced fluctuations in its stock price throughout the past year between $71.51 and $128.28. Currently, Wall Street analysts expect the stock to reach $96 within the next 12 months. DaVita Inc [NYSE: DVA] shares were valued at $125.26 at the most recent close of the market. An investor can expect a potential drop of -23.36% based on the average DVA price forecast.

Analyzing the DVA fundamentals

Trailing Twelve Months sales for DaVita Inc [NYSE:DVA] were 12.14B which represents 7.85% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 123.45 points at the first support level, and at 121.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.27, and for the 2nd resistance point, it is at 127.28.

DaVita Inc [DVA] reported earnings per share of $1.62 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.59/share, meaning a difference of $0.03 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.62 per share as compared to estimates of $2.02 per share, a difference of $0.6 representing a surprise of 29.70%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for DaVita Inc [NYSE:DVA] is 1.19. Also, the Quick Ratio is 1.13, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 10.54 and price to earnings (TTM) ratio is 16.91.

Transactions by insiders

Recent insider trading involved STAFFIERI MICHAEL DAVID, Chief Operating Officer, DKC, that happened on Feb 21 when 29488.0 shares were sold. Chief Legal & Pub. Affairs Off, Waters Kathleen Alyce completed a deal on Feb 21 to sell 11285.0 shares. Meanwhile, Chief Compliance Officer HEARTY JAMES O sold 26164.0 shares on Feb 16.

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