.jpg "Dycom Receives a Buy from Stifel Nicolaus")
Stifel Nicolaus analyst Noelle Dilts maintained a Buy rating on Dycom (NYSE: DY) today and set a price target of $117. The company’s shares closed yesterday at $92.64.
According to TipRanks.com, Dilts is a 4-star analyst with an average return of 7.0% and a 56.1% success rate. Dilts covers the Basic Materials sector, focusing on stocks such as Emcor Group, Tetra Tech, and MYR Group.
Currently, the analyst consensus on Dycom is Moderate Buy and the average price target is $120, representing a 29.5% upside.
In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $120 price target.
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Based on Dycom’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $17.23 million. In comparison, last year the company had a net profit of $38.8 million.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Patricia Higgins, a Director at DY sold 2,604 shares for a total of $284,044.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dycom Industries, Inc. provides specialty contracting services throughout the United States and in Canada. The company’s services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others. It also provides placement and splicing of fiber, copper, and coaxial cables. The company was founded in 1969 and is headquartered in Palm Beach Gardens, FL.
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