Stock Rating Upgrade
Of late the Value Trend Rating for Dycom Industries Inc. (NYSE: DY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 10/11/24, Dycom Industries Inc. (NYSE: DY) stock increased 1.2%, closing at $189.02. However, this advance was accompanied by unusually low trading volume at 56% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.2% 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. 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 28 but a very high Power Rating of 99, with the Positive Value Trend Rating the result.
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