Raymond James Upgrades Dycom Industries to Strong-Buy (DY)

By admin | 6 years ago

Dycom Industries (NYSE: DY) was upgraded by research analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “strong-buy” rating in a report released on Friday.

Shares of Dycom Industries traded down 1.14% during mid-day trading on Friday, hitting $22.64. Dycom Industries has a one year low of $12.26 and a one year high of $23.93. The company has a market cap of $769.8 million and a P/E ratio of 25.79.

Dycom Industries last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.05. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts predict that Dycom Industries will post $0.40 earnings per share next quarter.

Separately, analysts at Stifel Nicolaus initiated coverage on shares of Dycom Industries in a research note to investors on Friday, April 20th. They set a “buy” rating and a $30.00 price target on the stock.

Dycom Industries, Inc. (Dycom) is a provider of specialty contracting services. These services are provided throughout the United States and include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.

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