Alert: Positive Investment/Fundamental Signals (12/4/23)-DaVita Inc (NYSE: DVA)


DaVita Inc (NYSE: DVA) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

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

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


Current PriceTarget Research Rating

DVA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

DaVita has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. DaVita has a neutral Appreciation Score of 56 but a good Power Rating of 79, with the Positive Value Trend Rating the result.

Recent Price Action

On 12/4/23, DaVita Inc (NYSE: DVA) stock enjoyed a large increase of 2.2%, closing at $106.59. However, trading volume in this advance was below average at 76% of normal. The stock has risen 7.4% during the last week and has been strong relative to the market over the last nine months.

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