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


The leading market experts have placed a mean price target of $107.83 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 $0.72 a share for the upcoming quarter and $5.37 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 $89.47, and stock is trading $-3.55 points away or -3.97% from its 50-day moving average of $89.47. Further it is trading $8.29 or +10.67% away its 200-day moving average of $77.63. Dycom Industries, Inc. (NYSE:DY) 52-week high is $98.45 and the 52-week low is $47.10.

This explains if the stock moves $-12.53, it will post a 52-week high. In event of +82.42% 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 22.09.

The stock last ended the trading session at $85.92 and registered a market cap of $2.70B. 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 1.14.

1 Chart Pattern Every Investor Should Know

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