Stifel Nicolaus Reiterates Buy Rating for Dycom Industries (DY)
Dycom Industries (NYSE:DY)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued on Wednesday, StockRatingsNetwork.com reports. They currently have a $30.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 6.35% from the company’s current price.
Dycom Industries (NYSE:DY) traded up 3.41% on Wednesday, hitting $28.21. The stock had a trading volume of 175,075 shares. Dycom Industries has a 52 week low of $13.08 and a 52 week high of $28.65. The stock’s 50-day moving average is $26.97 and its 200-day moving average is $23.54. The company has a market cap of $939.3 million and a P/E ratio of 26.23.
Dycom Industries (NYSE:DY) last announced its earnings results on Tuesday, August 27th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.01. The company had revenue of $478.63 million for the quarter, compared to the consensus estimate of $465.72 million. During the same quarter last year, the company posted $0.39 earnings per share. Dycom Industries’s revenue was up 50.5% compared to the same quarter last year. Analysts expect that Dycom Industries will post $1.48 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson raised their price target on shares of Dycom Industries from $30.00 to $33.00 in a research note to investors on Wednesday. Separately, analysts at FBR Capital Markets raised their price target on shares of Dycom Industries from $28.00 to $32.00 in a research note to investors on Wednesday, September 4th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Dycom Industries has an average rating of “Buy” and a consensus target price of $28.48.
Dycom Industries, Inc (NYSE:DY) is a provider of specialty contracting services.
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