DPC (NYSE:DPC) Coverage Initiated at Morgan Stanley

Equities researchers at Morgan Stanley initiated coverage on shares of DPC (NYSE:DPC) in a research report issued on Monday, Marketbeat.com reports. The firm set an “equal weight” rating and a $47.00 price target on the stock. Morgan Stanley’s price objective would indicate a potential downside of 1.07% from the stock’s current price.

DPC has been the topic of several other research reports. Jefferies Financial Group started coverage on DPC in a research report on Monday. They set a “buy” rating and a $56.00 target price on the stock. Wall Street Zen raised DPC to a “hold” rating in a report on Saturday, July 4th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.38.

DPC Trading Up 5.4%

DPC opened at $47.51 on Monday. DPC has a 12 month low of $42.90 and a 12 month high of $53.50.

Insiders Place Their Bets

In other DPC news, CEO Michael (Mike) Joseph Quinn purchased 435,121 shares of the stock in a transaction on Friday, June 26th. The shares were purchased at an average price of $33.00 per share, with a total value of $14,358,993.00. Following the acquisition, the chief executive officer directly owned 435,121 shares in the company, valued at approximately $14,358,993. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nick Sanders purchased 288,213 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 $9,511,029.00. Following the transaction, the director owned 288,213 shares in the company, valued at approximately $9,511,029. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 2,297,621 shares of company stock worth $75,821,493.