Breaking: Canaccord Genuity Keeps $125 TP On Dycom Industries (NYSE:DY) Shares, Keeps Their Original “Buy” Rating

February 14, 2018 - By Vivian Currie

 Breaking: Canaccord Genuity Keeps $125 TP On Dycom Industries (NYSE:DY) Shares, Keeps Their Original

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.23, from 1.23 in 2017Q2. It turned negative, as 42 investors sold Dycom Industries, Inc. shares while 98 reduced holdings. 46 funds opened positions while 94 raised stakes. 31.11 million shares or 5.01% less from 32.75 million shares in 2017Q2 were reported.

2,377 were reported by Sigma Planning. Credit Suisse Ag has 60,446 shares. M&T National Bank & Trust holds 4,971 shares. Barclays Public Ltd Liability Corp invested 0% in Dycom Industries, Inc. (NYSE:DY). Pier Cap Lc holds 34,940 shares or 0.52% of its portfolio. Alpine Woods Cap Investors accumulated 57,628 shares. Moreover, Suffolk Cap Mgmt Ltd has 0.15% invested in Dycom Industries, Inc. (NYSE:DY). California-based Reilly Lc has invested 0% in Dycom Industries, Inc. (NYSE:DY). State Board Of Administration Of Florida Retirement Systems invested in 0% or 16,859 shares. Ironwood Ltd Liability, Massachusetts-based fund reported 9,015 shares. Blackrock Incorporated accumulated 3.15 million shares. Thrivent For Lutherans reported 0% in Dycom Industries, Inc. (NYSE:DY). Arrowgrass Capital Ptnrs (Us) Ltd Partnership has invested 0.12% in Dycom Industries, Inc. (NYSE:DY). Thompson Davis And Comm reported 1,375 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 984 shares or 0% of their US portfolio.

Dycom Industries (NYSE:DY) Rating Reaffirmed

Investment analysts at Canaccord Genuity now has a $125 TP on Dycom Industries (NYSE:DY). Canaccord Genuity and their recent TP means a potential upside of 14.44 % from the company’s last stock close. The rating has been revealed to clients and investors in a research note on Tuesday morning.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.23, from 1.23 in 2017Q2. It turned negative, as 42 investors sold Dycom Industries, Inc. shares while 98 reduced holdings. 46 funds opened positions while 94 raised stakes. 31.11 million shares or 5.01% less from 32.75 million shares in 2017Q2 were reported.

2,377 were reported by Sigma Planning. Credit Suisse Ag has 60,446 shares. M&T National Bank & Trust holds 4,971 shares. Barclays Public Ltd Liability Corp invested 0% in Dycom Industries, Inc. (NYSE:DY). Pier Cap Lc holds 34,940 shares or 0.52% of its portfolio. Alpine Woods Cap Investors accumulated 57,628 shares. Moreover, Suffolk Cap Mgmt Ltd has 0.15% invested in Dycom Industries, Inc. (NYSE:DY). California-based Reilly Lc has invested 0% in Dycom Industries, Inc. (NYSE:DY). State Board Of Administration Of Florida Retirement Systems invested in 0% or 16,859 shares. Ironwood Ltd Liability, Massachusetts-based fund reported 9,015 shares. Blackrock Incorporated accumulated 3.15 million shares. Thrivent For Lutherans reported 0% in Dycom Industries, Inc. (NYSE:DY). Arrowgrass Capital Ptnrs (Us) Ltd Partnership has invested 0.12% in Dycom Industries, Inc. (NYSE:DY). Thompson Davis And Comm reported 1,375 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 984 shares or 0% of their US portfolio.

Dycom Industries, Inc. (NYSE:DY) Ratings Coverage

Among 10 analysts covering Dycom (NYSE:DY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dycom has $132.0 highest and $52 lowest target. $115.22’s average target is 5.48% above currents $109.23 stock price. Dycom had 34 analyst reports since August 27, 2015 according to SRatingsIntel. On Thursday, October 5 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The stock of Dycom Industries, Inc. (NYSE:DY) earned “Neutral” rating by DA Davidson on Thursday, March 2. The rating was maintained by Stifel Nicolaus on Friday, October 6 with “Buy”. The firm earned “Buy” rating on Tuesday, December 15 by DA Davidson. On Thursday, May 25 the stock rating was maintained by FBR Capital with “Outperform”. The firm has “Buy” rating by FBR Capital given on Friday, November 17. The firm earned “Buy” rating on Wednesday, May 11 by Canaccord Genuity. FBR Capital maintained the stock with “Buy” rating in Monday, June 19 report. The firm earned “Outperform” rating on Thursday, August 27 by FBR Capital. On Wednesday, August 30 the stock rating was maintained by Canaccord Genuity with “Buy”.

The stock increased 0.32% or $0.35 during the last trading session, reaching $109.23. About 557,655 shares traded. Dycom Industries, Inc. (NYSE:DY) has risen 52.80% since February 14, 2017 and is uptrending. It has outperformed by 36.10% the S&P500.

Analysts await Dycom Industries, Inc. (NYSE:DY) to report earnings on March, 7. They expect $0.32 EPS, down 60.98 % or $0.50 from last year’s $0.82 per share. DY’s profit will be $9.90 million for 85.34 P/E if the $0.32 EPS becomes a reality. After $0.99 actual EPS reported by Dycom Industries, Inc. for the previous quarter, Wall Street now forecasts -67.68 % negative EPS growth.

Dycom Industries, Inc. provides specialty contracting services in the United States and Canada. The company has market cap of $3.38 billion. The firm offers various specialty contracting services, such as engineering, construction, maintenance, and installation services comprising placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It has a 25.84 P/E ratio. It also provides tower construction, lines and antenna installation, and foundation and equipment pad construction for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable television system operators.

More recent Dycom Industries, Inc. (NYSE:DY) news were published by: Nasdaq.com which released: “Commit To Purchase Dycom Industries At $90, Earn 13.2% Annualized Using Options” on February 09, 2018. Also Prnewswire.com published the news titled: “Dycom Industries, Inc. Lowers Expectations For Second Quarter Fiscal 2018 …” on February 12, 2018. Reuters.com‘s news article titled: “BRIEF-Dycom Industries Sees Fiscal 2019 GAAP EPS $4.78 – $5.70” with publication date: February 12, 2018 was also an interesting one.

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