Wells Fargo analyst Eric Luebchow maintained a Buy rating on Dycom (DY – Research Report) yesterday and set a price target of $125.00. The company’s shares closed yesterday at $103.87.
According to TipRanks, Luebchow is a 2-star analyst with an average return of -0.3% and a 50.82% success rate. Luebchow covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and SBA Communications.
In addition to Wells Fargo, Dycom also received a Buy from Craig-Hallum’s Christian Schwab in a report issued on November 22. However, on the same day, B.Riley Financial maintained a Hold rating on Dycom (NYSE: DY).
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $115.53 and a one-year low of $77.33. Currently, Dycom has an average volume of 299.8K.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DY in relation to earlier this year. Last month, Steven E. Nielsen, the President & CEO of DY bought 2,500.00 shares for a total of $62,875.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dycom (DY) Company Description:
Dycom Industries, Inc. provides specialty contracting services throughout the United States. Its services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities, including other construction and maintenance services to electric and gas utilities, and others. The company was founded in 1969 and is headquartered in Palm Beach Gardens, FL.
Read More on DY:
