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DaVita Inc . (NYSE:DVA) shares reached an all-time high this week, touching $169.54, as the company continues to demonstrate strong performance and investor confidence. With a market capitalization of $13.9 billion and a P/E ratio of 17.8, InvestingPro analysis suggests the stock is trading slightly above its Fair Value. The surge to this record price level underscores a remarkable year for the healthcare provider, with the stock witnessing an impressive 61.76% increase over the past year. This significant 1-year change reflects the company's robust operational results and strategic initiatives that have resonated well with investors, fueling the stock's upward trajectory to its highest point ever. InvestingPro data reveals the company maintains a "GREAT" overall financial health score, with analysts setting price targets ranging from $134 to $186. Discover 10+ additional exclusive insights and detailed analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, DaVita Inc. maintained its adjusted operating income guidance for 2024 between $1.91 billion and $2.01 billion, despite facing challenges such as hurricanes and supply issues. The company reported an adjusted operating income of $535 million and earnings per share of $2.59 for the quarter. The firm's debt management has been successful, with the nearest maturity now in 2028, and leverage is within the target range. DaVita also repurchased 2.7 million shares in the third quarter and approximately 600,000 in October 2023. The company is preparing for operational adjustments and growth opportunities, with an update expected in the Q4 earnings call. Despite hurricane impacts, DaVita anticipates a treatment growth rate of 50 to 100 basis points for the full year. Lastly, the company expects the final CMS 2025 rule to include transitioning oral-only drugs into Medicare Part B. These recent developments indicate the firm's resilience in navigating current challenges while preparing for future growth opportunities.
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