JP Morgan Maintains DaVita HealthCare Partners Inc to Neutral with Price Target $75.00

Brokerage firm JP Morgan Maintains its rating on DaVita HealthCare Partners Inc(NYSE:DVA). In a research note issued to the investors, the brokerage major Raises the price-target to $75.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Aug 9, 2016.

DaVita HealthCare Partners Inc (DVA) shares turned negative on Wednesdays trading session with the shares closing down -1.06 points or -1.55% at a volume of 28,17,165. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $68.48. The peak price level was also seen at $68.48 while the days lowest was $66.75. Finally the shares closed at $67.2. The 52-week high of the shares is $80.63 while the 52-week low is $61.36. According to the latest information available, the market cap of the company is $13,904 M.

DaVita HealthCare Partners Inc(DVA) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.72B. Analysts had an estimated revenue of $3.67B. Earnings per share were $1.01. Analysts had estimated an EPS of $0.98.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Jeanine Marie Jiganti (Chief Compliance Officer) sold 1,291 shares at $78.51 per share price.Also, On May 26, 2016, Pamela M Arway (director) sold 10,824 shares at $77.16 per share price.On May 24, 2016, James K Hilger (Interim CFO and CAO) sold 3,416 shares at $76.79 per share price, according to the Form-4 filing with the securities and exchange commission.

DaVita HealthCare Partners Inc. consists of two divisions Kidney Care and HealthCare Partners (HCP). Kidney Care is a provider of dialysis services in the United States treating patients with chronic kidney failure and end stage renal disease (ESRD). Kidney Care division develops innovative clinical care offers integrated treatment plans personalized care teams and health-management services. As of December 31 2014 we provided dialysis and administrative services in the U.S. through a network of 2179 outpatient dialysis centers in 46 states and the District of Columbia serving a total of approximately 173000 patients. HealthCare Partners division is a patient- and physician-focused integrated health care delivery and management company. HealthCare Partners manages and operates medical groups and affiliated physician networks in Arizona California Nevada Florida and New Mexico. As of December 2014 HealthCare Partners had approximately 837000 members under its care.

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