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.
Davita Inc (NYSE:DVA) posted its quarterly earnings data on Thursday, February, 16th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.07. The business earned $3.72 billion during the quarter, compared to analyst estimates of $3.74 billion. Davita had a net margin of 4.92% and a return on equity of 16.16%. The company's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share.