B.Riley FBR analyst Alex Rygiel reiterated a Buy rating on Dycom (DY) today and set a price target of $60.00. The company’s shares closed last Monday at $46.38.
According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 7.4% and a 58.2% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction, Quanta Services, and Tutor Perini.
Dycom has an analyst consensus of Strong Buy, with a price target consensus of $61.67, which is a 23.3% upside from current levels. In a report issued on November 27, Stephens also maintained a Buy rating on the stock with a $64.00 price target.
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Based on Dycom’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $24.23 million. In comparison, last year the company had a net profit of $27.83 million.
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Dycom Industries, Inc. provides specialty contracting services throughout the United States. Its 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. The company was founded in 1969 and is headquartered in Palm Beach Gardens, FL.
