DPC (NYSE:DPC) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of DPC (NYSE:DPC) to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

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

DPC Trading Down 1.6%

DPC stock opened at $46.89 on Tuesday. DPC has a 12 month low of $42.90 and a 12 month high of $53.50.

Insider Buying and Selling at DPC

In related news, 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 cost of $33.00 per share, for a total transaction of $14,358,993.00. Following the transaction, the chief executive officer owned 435,121 shares in the company, valued at approximately $14,358,993. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David John Egan purchased 275,363 shares of DPC stock in a transaction dated Friday, June 26th. The shares were bought at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the completion of the transaction, the chief financial officer owned 294,529 shares in the company, valued at approximately $9,719,457. This trade represents a 1,436.73% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 2,297,621 shares of company stock worth $75,821,493.