Jefferies Financial Group Weighs in on DCC plc’s FY2023 Earnings (OTCMKTS:DCCPF)

DCC plc (OTCMKTS:DCCPF – Get Rating) – Jefferies Financial Group lowered their FY2023 EPS estimates for DCC in a research report issued on Thursday, May 19th. Jefferies Financial Group analyst T. Truckle now anticipates that the company will earn $5.90 per share for the year, down from their previous forecast of $6.51. Jefferies Financial Group also issued estimates for DCC’s FY2024 earnings at $6.11 EPS and FY2025 earnings at $6.36 EPS.

A number of other equities analysts also recently issued reports on DCCPF. JPMorgan Chase & Co. raised their price objective on DCC from GBX 7,000 ($86.29) to GBX 7,500 ($92.46) in a research report on Wednesday, May 18th. Zacks Investment Research downgraded DCC from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, Morgan Stanley lowered their target price on DCC from GBX 8,160 ($100.59) to GBX 7,855 ($96.83) in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5,150.33.

Shares of DCCPF opened at $74.93 on Monday. DCC has a 1 year low of $74.93 and a 1 year high of $87.61. The business has a 50-day moving average of $78.37 and a 200-day moving average of $80.13.

DCC Company Profile (Get Rating)

DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG), refrigerants, and natural gas. This segment serves approximately 0.9 million customers. Its DCC Retail & Oil segment markets, sells, and retails transport and commercial fuels, heating oils, and related products and services; operates retail petrol stations; resells fuel cards; distributes oil; and provides inbound logistics, storage and filling, and outbound logistics services.

Further Reading