Analyst Rating Update on Dycom Industries (DY)

Dycom Industries (NYSE:DY) has an average broker rating of 1.22, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.

Dycom Industries (NYSE:DY) : The highest short term price target forecast on Dycom Industries (NYSE:DY) is $115 and the lowest target price is $80. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $100 with a standard deviation of $12.41.

For this week, the average consensus of the company shares are rated as a Strong Buy.

Dycom Industries (NYSE:DY): stock turned positive on Tuesday. Though the stock opened at $84.51, the bulls momentum made the stock top out at $87.56 level for the day. The stock recorded a low of $84.4258 and closed the trading day at $86.38, in the green by 3.50%. The total traded volume for the day was 790,441. The stock had closed at $83.46 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Nielsen Steven E, director officer (President & CEO) of Dycom Industries Inc, had unloaded 12,053 shares at an average price of $81.89 in a transaction dated on December 16, 2015. The total value of the transaction was worth $987,020.

Dycom Industries, Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides 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. It offers engineering services, which include the design of aerial, underground and buried fiber optic, copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumers home or business. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication and site testing services.

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