DaVita Inc Surpasses Analyst Price Target: Investors Weigh Options
Shares of DaVita Inc (Symbol: DVA) recently traded above the average analyst 12-month target price of $163.00, now priced at $164.85 per share. When stocks hit an analyst’s target, they face two choices: downgrade due to valuation concerns or adjust their price target upward. The decision often depends on the company’s recent performance and market conditions, compelling analysts to reconsider their predictions.
According to Zacks investment coverage, DaVita Inc has a variety of analyst targets. The average reflects diverse opinions, with one analyst setting a target as low as $145.00, while another targets as high as $186.00. This gives the average a standard deviation of $13.416, indicating a range of expectations surrounding the stock.
The concept of analyzing the average price target relates to the “wisdom of crowds.” By aggregating varied expert opinions, investors gain a comprehensive view rather than relying on an individual analyst’s assessment. Given DaVita’s current price above the average target of $163.00 per share, investors are advised to reassess the company’s potential. They must determine if the stock is merely pausing on its way to a higher value or if it has reached a peak that calls for taking profits. Below is a breakdown of current analyst ratings for DaVita Inc:
| Recent DVA Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 6 | 6 | 6 | 6 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.88 | 2.88 | 2.88 | 2.88 |
The average rating in the table ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis utilized data from Zacks Investment Research, accessible through Quandl.com. For further information, check the latest Zacks research report on DVA — available for free.
Explore the Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
• Funds Holding NGNE
• CRXT Videos
• EVFM market cap history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
