DaVita Inc experiences significant decline amid healthcare sector weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Should l Buy DVA?
Source: Coinmarketcap
DaVita Inc (DVA) has seen its stock price drop significantly, hitting a 52-week low amid a broader decline in the healthcare sector, which is down 0.5% today.
The healthcare sector's struggles are reflected in DaVita's performance, with the company experiencing a decline of 4.2%. This drop is part of a larger trend affecting the financial sector, which is down 0.7%, and may be contributing to investor concerns about the healthcare industry's stability. The overall market sentiment is negative, with major indices like the Nasdaq-100 and S&P 500 also showing declines.
Investors are closely monitoring the situation as the healthcare sector's performance could influence future investment decisions. The decline in DaVita's stock may lead to increased scrutiny from analysts and investors alike.
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Analyst Views on DVA
Wall Street analysts forecast DVA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DVA is 136.50 USD with a low forecast of 130.00 USD and a high forecast of 143.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 149.220
Low
130.00
Averages
136.50
High
143.00
Current: 149.220
Low
130.00
Averages
136.50
High
143.00
About DVA
DaVita Inc. is a healthcare provider focused on transforming care delivery to improve the quality of life for patients globally. The Company is a provider of kidney care services in the United States. Its United States dialysis (U.S. dialysis) and related lab services business treats patients with chronic kidney failure and end-stage kidney disease (ESKD). The Company’s robust platform delivers kidney care services and includes established nephrology and payor relationships. The Company’s international operations provide dialysis and administrative services to a total of outpatient dialysis centers. The Company’s U.S. integrated kidney care (IKC) business provides integrated care and disease management services to patients in risk-based integrated care arrangements and to additional patients in other integrated care arrangements across the United States. It also maintains a few other ancillary services and investments outside its U.S. dialysis, U.S. IKC, or international operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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