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.
For instance, VASCO now has a Number 1 âStrong Buyâ Zacks rating after it was upgraded from a âNeutralâ position to an âOutperformâ position. Analysts at Topeka Capital Markets raised their price target on CASCO from $17.00 t0 $21.00 to mark a 34.44% upside potential on the stock.n July 24, VASCO released impressive second quarter (Q2 2014) results to deliver earnings of $0.17 per share to beat the consensus analyst estimate of $0.09 per share. Revenue was $47.70M to beat the consensus estimate of $42.30M.