Across the recent three months, 5 analysts have shared their insights on Dycom Industries DY, expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Dycom Industries, revealing an average target of $117.4, a high estimate of $136.00, and a low estimate of $101.00. Observing a 10.41% increase, the current average has risen from the previous average price target of $106.33.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Dycom Industries by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Sangita Jain | Keybanc | Announces | Overweight | $136.00 | - |
| Alex Rygiel | B. Riley Securities | Raises | Neutral | $101.00 | $94.00 |
| Eric Luebchow | Wells Fargo | Raises | Overweight | $125.00 | $105.00 |
| Eric Luebchow | Wells Fargo | Lowers | Overweight | $105.00 | $120.00 |
| Frank Louthan | Raymond James | Announces | Strong Buy | $120.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Dycom Industries. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Dycom Industries compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Dycom Industries's stock. This examination reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Dycom Industries's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Dycom Industries analyst ratings.
Unveiling the Story Behind Dycom Industries
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries. its operating companies supply telecommunications providers with a comprehensive portfolio of specialty services, including program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services and provides underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. It also provides a range of construction, maintenance, and installation services, including the placement and splicing of fiber, copper, and coaxial cables. The company operates throughout the United States.
A Deep Dive into Dycom Industries's Financials
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Dycom Industries displayed positive results in 3 months. As of 31 October, 2023, the company achieved a solid revenue growth rate of approximately 8.99%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Dycom Industries's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.37% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Dycom Industries's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 8.3%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Dycom Industries's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.31%, the company showcases efficient use of assets and strong financial health.
Debt Management: Dycom Industries's debt-to-equity ratio surpasses industry norms, standing at 0.99. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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