Stock Rating Upgrade
The Value Trend Rating for Dycom Industries Inc. (NYSE: DY) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Dycom Industries Inc. (NYSE: DY) stock enjoyed a large increase of 2.5% on 8/23/24. The stock closed at $180.12. Moreover, trading volume in this advance was above average at 138% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.0% 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Dycom Industries has a poor Appreciation Score of 28 but a very high Power Rating of 98, producing the Positive Value Trend Rating.
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