Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Dycom Industries Inc. (NYSE: DY) weakened recently. DY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/31/24, Dycom Industries Inc. (NYSE: DY) stock declined by -2.4%, closing at $179.96. Moreover, trading volume in this decline was unusually high at 162% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.7% during the last week.
Current PriceTarget Research Rating
DY’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Dycom Industries has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Dycom Industries has a poor Appreciation Score of 26 but a very high Power Rating of 96, with the High Neutral Value Trend Rating the result.
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