DPC (NYSE:DPC) Price Target Raised to $62.00 at Royal Bank Of Canada

DPC (NYSE:DPC) had its price target boosted by stock analysts at Royal Bank Of Canada from $53.00 to $62.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 12.96% from the stock’s current price.

A number of other research firms have also weighed in on DPC. Jefferies Financial Group assumed coverage on DPC in a report on Monday, July 20th. They issued a “buy” rating and a $56.00 target price on the stock. Rothschild & Co Redburn initiated coverage on DPC in a research report on Monday, July 20th. They issued a “buy” rating and a $53.50 price target for the company. Wall Street Zen upgraded DPC to a “hold” rating in a research note on Saturday, July 4th. Zacks Research raised shares of DPC to a “hold” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley initiated coverage on shares of DPC in a report on Monday, July 20th. They set an “equal weight” rating and a $47.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.62.

DPC Price Performance

Shares of NYSE:DPC traded up $1.12 during midday trading on Wednesday, hitting $54.89. 29,176 shares of the company’s stock were exchanged, compared to its average volume of 1,395,384. DPC has a 12 month low of $42.50 and a 12 month high of $57.25.

DPC (NYSE:DPC) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $268.30 million during the quarter. As a group, sell-side analysts expect that DPC will post 0.34 EPS for the current year.

Insider Transactions at DPC

In other DPC news, COO Jason Mays bought 85,973 shares of DPC stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $33.00 per share, for a total transaction of $2,837,109.00. Following the completion of the purchase, the chief operating officer directly owned 93,456 shares of the company’s stock, valued at approximately $3,084,048. This trade represents a 1,148.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael (Mike) Joseph Quinn acquired 435,121 shares of DPC stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of $33.00 per share, with a total value of $14,358,993.00. Following the completion of 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. Over the last quarter, insiders bought 2,297,621 shares of company stock valued at $75,821,493.

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.