DPC (NYSE:DPC) Stock Rating Upgraded by Zacks Research

DPC (NYSE:DPC) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Rothschild & Co Redburn assumed coverage on shares of DPC in a research report on Monday. They set a “buy” rating and a $53.50 price objective for the company. Wall Street Zen upgraded shares of DPC to a “hold” rating in a report on Saturday, July 4th. Jefferies Financial Group assumed coverage on shares of DPC in a research note on Monday. They set a “buy” rating and a $56.00 target price for the company. Morgan Stanley started coverage on shares of DPC in a report on Monday. They set an “equal weight” rating and a $47.00 target price for the company. Finally, Royal Bank Of Canada started coverage on shares of DPC in a research report on Monday. They issued an “outperform” rating and a $53.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, DPC currently has an average rating of “Moderate Buy” and a consensus price target of $52.38.

DPC Stock Performance

Shares of DPC stock opened at $46.89 on Tuesday. DPC has a 52 week low of $42.90 and a 52 week high of $53.50.

Insiders Place Their Bets

In related news, CFO David John Egan purchased 275,363 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $9,086,979.00. Following the transaction, the chief financial officer directly owned 294,529 shares of the company’s stock, valued at $9,719,457. This trade represents a 1,436.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael (Mike) Joseph Quinn purchased 435,121 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average cost of $33.00 per share, for a total transaction of $14,358,993.00. Following the purchase, the chief executive officer directly owned 435,121 shares in the company, valued at $14,358,993. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 2,297,621 shares of company stock worth $75,821,493 over the last three months.