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

Morgan Stanley assumed coverage on shares of DPC (NYSE:DPC) in a report released on Monday,Benzinga reports. The brokerage set an “equal weight” rating and a $47.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 1.60% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of DPC to a “hold” rating in a research note on Saturday, July 4th. Jefferies Financial Group initiated coverage on DPC in a research note on Monday. They set a “buy” rating and a $56.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.17.

DPC Stock Performance

Shares of NYSE:DPC opened at $46.26 on Monday. DPC has a 12 month low of $42.90 and a 12 month high of $53.50.

Insider Transactions at DPC

In related news, CFO David John Egan bought 275,363 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the completion of the acquisition, the chief financial officer owned 294,529 shares of the company’s stock, valued at $9,719,457. The trade was a 1,436.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael (Mike) Joseph Quinn purchased 435,121 shares of DPC stock in a transaction dated Friday, June 26th. The stock was bought at an average price of $33.00 per share, for a total transaction of $14,358,993.00. Following the completion of the purchase, the chief executive officer owned 435,121 shares in the company, valued at $14,358,993. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 2,297,621 shares of company stock valued at $75,821,493.