Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $106.17 on Dycom Industries, Inc. (NYSE:DY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.40 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Dycom Industries, Inc. (NYSE:DY) stands at 25.66.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Dycom Industries, Inc. Common S, the PEG ratio for coming 3-5 years is 1.12.
The technical analysis highlights that Dycom Industries, Inc. Common S current is trading $-6.53 points away or -7.06% from its 50-day moving average of $92.43. Further it is trading $12.01 or +16.25% away its 200-day moving average of $73.89.
The 52-week high of Dycom Industries, Inc. (NYSE:DY) was $98.45 while lowest point recorded in 52-week was $47.10. It implies if stock price makes a movement of over $-12.55, it will record a new 52-week high. In the case of +82.38% drop, it will touch a new 52-week low.
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