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.

Many analysts weighed in on price targets for DY. The most optimistic analyst gave a price target of 120, implying potential capital gains of 31.88 percent. The most pessimistic analyst gave a price target of 97, which equates to a potential downside of 6.61 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -19.55 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -4.47 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of DY is 4.39.

DY has traded between a high of 110.64 and a low of 70.33 over the past year. Currently the stock is 29.38 percent higher than its low, and below the high by 17.76 percent. DY has a price/earnings 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.