Stock To Watch: Dycom Industries, Inc. (NYSE:DY)


The leading market experts have placed a mean price target of $103.57 on Dycom Industries, Inc. (NYSE:DY) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.63 a share for the upcoming quarter and $4.40 for the current fiscal. Technical View The technical analysis of Dycom Industries, Inc. Common S plainly substantiates that the 50-day moving average of Dycom Industries, Inc. Common S is $74.79, and stock is hovering 8.44 or +11.28% distant from $74.79. It is noted that the 200-day MA is $68.89, and Dycom Industries, Inc. Common S stock is $14.34 or +20.82% off from this point. Dycom Industries, Inc. (NYSE:DY) 52-week high is $90.82 and the 52-week low is $47.10. This explains if the stock moves $-7.59, it will post a 52-week high. In event of $+76.71% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Dycom Industries, Inc. Common S, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Dycom Industries, Inc. (NYSE:DY) ratio came in at 24.86. The stock last ended the trading session at $83.23 and registered a market cap of $2.61B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Dycom Industries, Inc. (NYSE:DY) PEG ratio is at 0.59.

1 Chart Pattern Every Investor Should Know

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