Morgan Stanley Begins Coverage on DPC (NYSE:DPC)

Stock analysts at Morgan Stanley assumed coverage on shares of DPC (NYSE:DPC) in a report released on Monday,Benzinga reports. The firm set an “equal weight” rating and a $47.00 price target on the stock. Morgan Stanley’s target price suggests a potential upside of 1.60% from the company’s current price.

Other analysts have also recently issued reports about the company. Wall Street Zen upgraded DPC to a “hold” rating in a report on Saturday, July 4th. Jefferies Financial Group initiated coverage on shares of DPC in a report on Monday. They issued a “buy” rating and a $56.00 price objective for the company. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.17.

DPC Price Performance

Shares of DPC opened at $46.26 on Monday. DPC has a 12-month low of $42.90 and a 12-month high of $53.50.

Insider Activity

In related news, Director Dirkson R. Charles bought 903,448 shares of the business’s stock in a transaction on Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, with a total value of $29,813,784.00. Following the acquisition, the director owned 903,448 shares of the company’s stock, valued at $29,813,784. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nick Sanders purchased 288,213 shares of DPC stock in a transaction on Friday, June 26th. The stock was bought at an average price of $33.00 per share, for a total transaction of $9,511,029.00. Following the transaction, the director directly 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. In the last three months, insiders acquired 2,297,621 shares of company stock worth $75,821,493.