MOST people shopping for cars like to stick close to home. The average distance an American travels to buy a new car or truck is about 22 miles, according to CNW Marketing Research, an automotive research company in Bandon, Ore. Then there are those who like to shop a time zone or two away.
In recent trading, shares of DaVita Inc (Symbol: DVA) have crossed above the average analyst 12-month target price of $66.83, changing hands for $66.93/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Despite the fact that each of the clinics involved were roughly comparable in terms of size and profits, DaVita agreed to pay $5,975,000 to acquire a 60 percent interest in the groupâs clinic, while selling a 40 percent interest in the three clinics it owned for a total of $3,075,000.