DPC (NYSE:DPC) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of DPC (NYSE:DPC) in a research report sent to investors on Monday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $47.00 price target on the stock.

Several other research analysts also recently issued reports on the company. Jefferies Financial Group assumed coverage on DPC in a research report on Monday. They set a “buy” rating and a $56.00 price objective for the company. Wall Street Zen upgraded DPC to a “hold” rating in a report on Saturday, July 4th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, DPC presently has an average rating of “Moderate Buy” and a consensus price target of $52.38.

DPC Stock Performance

Shares of NYSE DPC opened at $45.40 on Monday. DPC has a 12-month low of $42.90 and a 12-month high of $53.50.

Insider Buying and Selling at DPC

In other DPC news, Director Taiwo K. Danmola bought 60,604 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of $33.00 per share, for a total transaction of $1,999,932.00. Following the completion of the purchase, the director owned 60,604 shares of the company’s stock, valued at $1,999,932. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David John Egan bought 275,363 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the completion of the purchase, the chief financial officer directly owned 294,529 shares of the company’s stock, valued at approximately $9,719,457. The trade was a 1,436.73% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 2,297,621 shares of company stock valued at $75,821,493.