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Equities research analysts at Stifel Nicolaus lifted their price objective on shares of Dycom Industries (NYSE:DY) from $33.00 to $35.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 19.21% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Dycom Industries from a “neutral” rating to an “underperform” rating in a research note on Friday, March 28th. They now have a $28.00 price target on the stock. Analysts at Craig Hallum upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. They now have a $36.00 price target on the stock, up previously from $26.00. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $32.50.

Dycom Industries (NYSE:DY) traded down 0.34% during mid-day trading on Thursday, hitting $29.26. The stock had a trading volume of 40,002 shares. Dycom Industries has a 52 week low of $21.71 and a 52 week high of $34.00. The stock’s 50-day moving average is $31.65 and its 200-day moving average is $29.30. The company has a market cap of $988.7 million and a price-to-earnings ratio of 27.01.

Dycom Industries (NYSE:DY) last released its earnings data on Tuesday, May 20th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $426.30 million for the quarter, compared to the consensus estimate of $429.56 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Dycom Industries will post $1.17 EPS for the current fiscal year.

Dycom Industries, Inc is a provider of specialty contracting services. The services, which are provided throughout the United States and in Canada, include 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 and others.

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