DPC Holdings PLC (NYSE:DPC) Given Consensus Rating of “Moderate Buy” by Analysts

DPC Holdings PLC (NYSE:DPC) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $57.6250.

Several research analysts have issued reports on DPC shares. Zacks Research upgraded shares of DPC to a “hold” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada raised their price objective on DPC from $53.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Morgan Stanley lifted their target price on DPC from $47.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 12th. Rothschild & Co Redburn began coverage on DPC in a report on Monday, July 20th. They issued a “buy” rating and a $53.50 target price on the stock. Finally, Jefferies Financial Group initiated coverage on DPC in a research report on Monday, July 20th. They set a “buy” rating and a $56.00 target price on the stock.

Insider Transactions at DPC

In other news, Director Nick Sanders acquired 288,213 shares of DPC stock in a transaction on Friday, June 26th. The stock was bought at an average cost of $33.00 per share, with a total value of $9,511,029.00. Following the completion of the purchase, the director owned 288,213 shares of the company’s stock, valued at $9,511,029. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jason Mays bought 85,973 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was purchased at an average price of $33.00 per share, with a total value of $2,837,109.00. Following the completion of the acquisition, the chief operating officer 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 SEC filing for this purchase provides additional information. Insiders have bought a total of 2,297,621 shares of company stock worth $75,821,493 in the last three months.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DPC stock. SurgoCap Partners LP purchased a new stake in DPC Holdings PLC (NYSE:DPC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 638,725 shares of the company’s stock, valued at approximately $31,336,000. DPC makes up about 1.0% of SurgoCap Partners LP’s portfolio, making the stock its 13th biggest position. SurgoCap Partners LP owned approximately 0.43% of DPC as of its most recent filing with the Securities and Exchange Commission.

DPC Trading Up 0.1%

Shares of DPC opened at $50.14 on Monday. DPC has a 12-month low of $42.50 and a 12-month high of $57.25.

DPC (NYSE:DPC) last released its earnings results on Tuesday, August 11th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $268.70 million for the quarter. As a group, research analysts predict that DPC will post 0.45 earnings per share for the current fiscal year.

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.