Dycom Industries (NYSE:DY) Rating Reaffirmed
Dycom Industries (NYSE:DY) just had their share rating of a ‘Outperform’ issued by research analysts at FBR Capital, who now has a $100.00 TP on the $2.88B market cap company or a 15.38% upside potential. This key information was revealed in a very recent research note on Thursday, 26 November.
From a total of 2 analysts covering Dycom (NYSE:DY) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $100 while the lowest target price is $88. The mean of all analyst targets is $100 with a 15.38% above today’s ($86.67) stock price. Dycom was the topic of 3 analyst reports since August 27, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 25 with “Outperform” rating.
The stock decreased 2.13% or $1.89 on November 25, striking $86.67. Approximately 960,259 shares of stock traded hands or 21.52% up from the average. Dycom Industries, Inc. (NYSE:DY) has risen 76.91% since April 24, 2015 and is uptrending. It has outperformed by 78.27% the S&P500.
Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The company has a market cap of $2.88 billion. The Company, through its subsidiaries, provides engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities. It has 31.75 P/E ratio. It offers engineering services, which include the design of aerial, underground and buried fiber optic, copper and coaxial cable systems that extend from the telephone firm central office or cable operator headend to the consumer’s home or business.
According to Zacks Investment Research, “Dycom Industries, Inc. is a leading provider of specialty contracting services throughout the United States. These services include engineering, construction, maintenance and installation services to telecommunications providers, underground locating services to various utilities including telecommunications providers, and other construction and maintenance services to electric utilities and others.” Get a free copy of the Zacks research report on Dycom Industries, Inc. (DY)