Analyst Ratings for Dycom Industries Inc. (DY)

Updated: 2017-07-26

Dycom Industries Inc. (NYSE:DY) was awarded an average rating of Buy from investment analysts following the stock. About 30 days ago, DY was issued an average rating of Buy.

Of the 9 analysts covering the stock, 7 gave it a buy rating, 0 gave an overweight rating, 2 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

DY was given price targets by several analysts. The highest price target was 120, implying a possible profit of 31.88 percent. The most pessimistic analyst gave a price target of 97, which equates to a potential downside of 6.61 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -19.55 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -4.47 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

DY has an estimated earnings growth rate of 4.07 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. DY has a PEG ratio of 4.39.

DY has traded between a high of 110.64 and a low of 70.33 over the past year. The current market price is above the trailing year's low by 29.38 percent, and below the high by 17.76 percent. DY has a P/E ratio of 17.88. Investors typically compare the P/E ratio to a company's peers in the industry. The DY value stock report compares DY to some of its peers using value stock charts. The market cap of DY is $2.79 billion. DY's next earnings release will be on 0000-00-00, which is days away.