DPC (NYSE:DPC) Price Target Raised to $62.00

DPC (NYSE:DPC) had its price objective raised by Royal Bank Of Canada from $53.00 to $62.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group initiated coverage on shares of DPC in a report on Monday, July 20th. They issued a “buy” rating and a $56.00 price objective for the company. Morgan Stanley assumed coverage on shares of DPC in a report on Monday, July 20th. They set an “equal weight” rating and a $47.00 price target on the stock. Zacks Research upgraded shares of DPC to a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of DPC to a “hold” rating in a research note on Saturday, July 4th. Finally, Rothschild & Co Redburn began coverage on DPC in a report on Monday, July 20th. They set a “buy” rating and a $53.50 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.62.

DPC Trading Down 0.2%

NYSE DPC opened at $50.14 on Wednesday. DPC has a twelve month low of $42.50 and a twelve month high of $57.25.

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

Insiders Place Their Bets

In other news, CFO David John Egan purchased 275,363 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were acquired at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the transaction, the chief financial officer owned 294,529 shares of the company’s stock, valued at $9,719,457. This represents a 1,436.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley A. Deal purchased 16,360 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 $539,880.00. Following the purchase, the director owned 16,360 shares of the company’s stock, valued at approximately $539,880. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 2,297,621 shares of company stock worth $75,821,493.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in DPC stock. SurgoCap Partners LP bought a new position in DPC Holdings PLC (NYSE:DPC) in the second quarter, according to its most recent filing with the SEC. The firm bought 638,725 shares of the company’s stock, valued at approximately $31,336,000. DPC makes up 1.0% of SurgoCap Partners LP’s investment portfolio, making the stock its 13th largest position. SurgoCap Partners LP owned 0.43% of DPC as of its most recent filing with the SEC.

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.