Stock Rating Downgrade
Of late the Value Trend Rating for Dycom Industries Inc. (NYSE: DY) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 9/20/24, Dycom Industries Inc. (NYSE: DY) stock rose slightly by 0.02%, closing at $195.71. Moreover, this advance was accompanied by unusually high trading volume at 158% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.1% 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 27 but a very high Power Rating of 99, resulting in the High Neutral Value Trend Rating.