DPC (NYSE:DPC) Earns Outperform Rating from Analysts at Royal Bank Of Canada

Royal Bank Of Canada initiated coverage on shares of DPC (NYSE:DPC) in a research note released on Monday, Marketbeat.com reports. The brokerage issued an outperform rating and a $53.00 price target on the stock.

Several other research firms also recently weighed in on DPC. Rothschild & Co Redburn started coverage on DPC in a research note on Monday. They issued a “buy” rating and a $53.50 price target on the stock. Wall Street Zen upgraded DPC to a “hold” rating in a research note on Saturday, July 4th. Jefferies Financial Group began coverage on DPC in a report on Monday. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Morgan Stanley assumed coverage on DPC in a report on Monday. They issued an “equal weight” rating and a $47.00 target price on the stock. Three investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $52.38.

DPC Stock Down 1.6%

Shares of NYSE DPC opened at $46.89 on Monday. DPC has a fifty-two week low of $42.90 and a fifty-two week high of $53.50.

Insiders Place Their Bets

In other news, COO Jason Mays purchased 85,973 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average price of $33.00 per share, for a total transaction of $2,837,109.00. Following the completion of the acquisition, the chief operating officer directly owned 93,456 shares in the company, valued at $3,084,048. This represents a 1,148.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael (Mike) Joseph Quinn purchased 435,121 shares of DPC stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, with a total value of $14,358,993.00. Following the transaction, the chief executive officer directly owned 435,121 shares of the company’s stock, valued at $14,358,993. This represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 2,297,621 shares of company stock valued at $75,821,493.