Alert: Positive Investment/Fundamental Signals (11/13/23)-DaVita Inc (NYSE: DVA)

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Meaningful positive changes in DaVita Inc (NYSE: DVA) fundamentals have recently occurred: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

DaVita Inc (NYSE: DVA). Significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

DVA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

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 consistent signals. DaVita has a slightly positive Appreciation Score of 63 and a good Power Rating of 82, with the Highest Value Trend Rating the result.

Recent Price Action

On 11/13/23, DaVita Inc (NYSE: DVA) stock enjoyed a very large increase of 6.5%, closing at $88.38. The stock has been strong relative to the market over the last nine months and has risen 11.2% during the last week.

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