DPC Holdings PLC (NYSE:DPC) Receives Consensus Rating of “Moderate Buy” from Analysts

DPC Holdings PLC (NYSE:DPC) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.6250.

A number of brokerages recently weighed in on DPC. Rothschild & Co Redburn began coverage on shares of DPC in a research note on Monday, July 20th. They set a “buy” rating and a $53.50 price objective on the stock. Zacks Research upgraded shares of DPC to a “hold” rating in a research report on Tuesday, July 21st. Morgan Stanley raised their target price on shares of DPC from $47.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of DPC to a “hold” rating in a research report on Saturday, July 4th. Finally, Royal Bank Of Canada upped their price target on shares of DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th.

DPC Stock Performance

DPC opened at $50.14 on Monday. DPC has a 12 month low of $42.50 and a 12 month high of $57.25.

DPC (NYSE:DPC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $268.70 million during the quarter. On average, analysts anticipate that DPC will post 0.45 earnings per share for the current year.

Insider Buying and Selling at DPC

In other news, Director Dirkson R. Charles bought 903,448 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of $33.00 per share, with a total value of $29,813,784.00. Following the completion of the acquisition, the director directly owned 903,448 shares in the company, valued at approximately $29,813,784. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael (Mike) Joseph Quinn bought 435,121 shares of the business’s stock in a transaction on Friday, June 26th. The stock was purchased at an average price of $33.00 per share, with a total value of $14,358,993.00. Following the completion of the transaction, the chief executive officer directly owned 435,121 shares of the company’s stock, valued at $14,358,993. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 2,297,621 shares of company stock valued at $75,821,493.

Institutional Trading of DPC

An institutional investor recently bought a new position in DPC stock. SurgoCap Partners LP acquired a new stake in DPC Holdings PLC (NYSE:DPC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 638,725 shares of the company’s stock, valued at approximately $31,336,000. DPC accounts for about 1.0% of SurgoCap Partners LP’s holdings, making the stock its 13th biggest position. SurgoCap Partners LP owned about 0.43% of DPC at the end of the most recent reporting period.

DPC Company Profile

DPC Holdings is a manufacturer of engineered engine products which include complex precision cast components and nickel- and cobalt-based superalloys primarily serving Aerospace and IGT end markets. DPC Holdings is based in United Kingdom.