12 Month Price Forecast For MYRG
Distance to MYRG Price Forecasts
MYRG Price Momentum
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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Data last updated: February 15, 2025 4:16 AM UTC
MYRG Analyst Ratings & Price Targets
Based on our analysis of 11 Wall Street analysts, MYRG has a bullish consensus with a median price target of $190.00 (ranging from $153.00 to $201.00). Currently trading at $134.00, the median forecast implies a 41.8% upside. This outlook is supported by 3 Buy, 2 Hold, and 0 Sell ratings.
Conversely, the most conservative target is provided by Ati Modak at Goldman Sachs, suggesting a 14.2% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
MYRG Analyst Consensus
MYRG Price Target Range
Latest MYRG Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for MYRG.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Dec 11, 2024 | Stifel | Brian Brophy | Buy | Maintains | $172.00 |
Nov 4, 2024 | Goldman Sachs | Ati Modak | Buy | Maintains | $153.00 |
Oct 31, 2024 | Baird | Justin Hauke | Outperform | Maintains | $138.00 |
Sep 19, 2024 | Goldman Sachs | Ati Modak | Buy | Maintains | $124.00 |
Aug 5, 2024 | Stifel | Brian Brophy | Buy | Maintains | $119.00 |
Aug 1, 2024 | Baird | Justin Hauke | Outperform | Maintains | $143.00 |
May 2, 2024 | Baird | Justin Hauke | Outperform | Maintains | $180.00 |
Apr 16, 2024 | Stifel | Stanley Elliott | Buy | Maintains | $184.00 |
Mar 1, 2024 | Stifel | Stanley Elliott | Buy | Maintains | $185.00 |
Feb 26, 2024 | Sidoti & Co. | Brian Russo | Neutral | Downgrade | $165.00 |
Jan 10, 2024 | Keybanc | Sangita Jain | Sector Weight | Initiates | $0.00 |
Dec 19, 2023 | Stifel | Stanley Elliott | Buy | Maintains | $168.00 |
Dec 15, 2023 | Goldman Sachs | Ati Modak | Buy | Initiates | $164.00 |
Nov 16, 2023 | Stifel | Stanley Elliott | Buy | Reinstates | $144.00 |
Oct 17, 2023 | Sidoti & Co. | Brian Russo | Buy | Upgrade | $0.00 |
Apr 27, 2023 | Baird | Justin Hauke | Outperform | Maintains | $147.00 |
Feb 23, 2023 | Baird | Justin Hauke | Outperform | Maintains | $120.00 |
Jan 17, 2023 | Keybanc | Sean Eastman | Sector Weight | Downgrade | $0.00 |
Oct 28, 2022 | Keybanc | Sean Eastman | Overweight | Upgrade | $99.00 |
Oct 28, 2022 | Baird | Justin Hauke | Outperform | Upgrade | $95.00 |
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MYR Group Inc (MYRG) Financial Data
MYR Group Inc has a market capitalization of $2.15B with a P/E ratio of 58.5x. The company generates $3.54B in trailing twelve-month revenue with a 1.1% profit margin.
Revenue growth is -5.5% quarter-over-quarter, while maintaining an operating margin of +2.1% and return on equity of +6.3%.
Valuation Metrics
Growth & Margins
Financial Health
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MYR Group Inc (MYRG) Company Overview
About MYR Group Inc
Provides electrical construction services in North America.
The company operates through two main segments: Transmission and Distribution, and Commercial and Industrial. It generates revenue by offering a range of services including the design, construction, maintenance, and repair of electrical transmission and distribution networks, as well as commercial and industrial wiring. Its clients include electric utilities, industrial facility owners, and government agencies, making it a prime contractor for various infrastructure projects.
Founded in 1891 and headquartered in Thornton, Colorado, the company has a long-standing presence in the electrical construction industry. It focuses on clean energy projects and emergency restoration services, positioning itself strategically to benefit from the growing demand for renewable energy and infrastructure resilience.
Company Information
Sector
Industrials
Industry
Engineering & Construction
Employees
9,000
CEO
Mr. Richard S. Swartz Jr.
Country
United States
IPO Year
2008
Website
www.myrgroup.comMYR Group Inc (MYRG) Latest News & Analysis
MYR Group Inc. (NASDAQ: MYRG) will release its Q4 and full year 2024 results on Feb. 26, 2025, after market close, followed by a conference call on Feb. 27 at 8 a.m. MT.
MYR Group's upcoming earnings report and conference call will provide insights into its financial performance, impacting stock valuation and investor sentiment in the utility and construction sectors.
MYR Group Inc. (NASDAQ: MYRG) will attend the Cantor Global Technology Conference on March 12, 2025, to meet with institutional investors, featuring CEO Rick Swartz and CFO Kelly Huntington.
MYR Group's participation in the Cantor Global Technology Conference signals potential investor interest, insights on strategic direction, and opportunities for institutional partnerships, impacting stock performance.
MYR Group Inc. to Attend Goldman Sachs Energy, CleanTech & Utilities Conference in January
2 months agoMYR Group Inc. (NASDAQ: MYRG) will attend the Goldman Sachs Energy, CleanTech & Utilities Conference on Jan. 7, 2025, where executives will meet with institutional investors.
MYR Group's participation in a prestigious conference signals potential growth opportunities and investor interest in the energy sector, impacting stock perception and future valuations.
MYR Group Inc. to Participate in Oppenheimer Midwest Virtual Summit Investor Conference in December
3 months agoMYR Group Inc. (NASDAQ: MYRG) will participate in the Oppenheimer Midwest Virtual Summit on Dec. 11, 2024, featuring CEO Rick Swartz and CFO Kelly Huntington meeting with institutional investors.
MYR Group's participation in the Oppenheimer Midwest Virtual Summit signals engagement with institutional investors, potentially influencing investor sentiment and stock performance.
MYR Group Inc. to Attend Janney Annual Clean Energy Investment Symposium Investor Conference in December
3 months agoMYR Group Inc. (NASDAQ: MYRG) will attend the Janney 2nd Annual Clean Energy Investment Symposium on Dec. 5, 2024, for meetings with institutional investors in New Orleans.
MYR Group's participation in a key clean energy investment symposium signals its commitment to growth in the sector, potentially attracting institutional interest and impacting stock performance.
MYR Group Inc. to Attend UBS Global Industrials and Transportation Conference in December
3 months agoMYR Group Inc. (NASDAQ: MYRG) will attend the UBS Global Industrials and Transportation Conference on Dec. 4, 2024, where executives will meet with institutional investors.
MYR Group's participation in a prestigious investor conference highlights its visibility and credibility, potentially attracting institutional investment and impacting stock performance.
Frequently Asked Questions About MYRG Stock
What is MYR Group Inc's (MYRG) stock forecast for 2025?
Based on our analysis of 11 Wall Street analysts, MYR Group Inc (MYRG) has a median price target of $190.00. The highest price target is $201.00 and the lowest is $153.00.
Is MYRG stock a good investment in 2025?
According to current analyst ratings, MYRG has 3 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $134.00. Always conduct your own research and consider your investment goals before making investment decisions.
What is the price prediction for MYRG stock?
Wall Street analysts predict MYRG stock could reach $190.00 in the next 12 months. This represents a 41.8% increase from the current price of $134.00. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is MYR Group Inc's business model?
The company operates through two main segments: Transmission and Distribution, and Commercial and Industrial. It generates revenue by offering a range of services including the design, construction, maintenance, and repair of electrical transmission and distribution networks, as well as commercial and industrial wiring. Its clients include electric utilities, industrial facility owners, and government agencies, making it a prime contractor for various infrastructure projects.
What is the highest forecasted price for MYRG MYR Group Inc?
The highest price target for MYRG is $201.00 from at , which represents a 50.0% increase from the current price of $134.00.
What is the lowest forecasted price for MYRG MYR Group Inc?
The lowest price target for MYRG is $153.00 from Ati Modak at Goldman Sachs, which represents a 14.2% increase from the current price of $134.00.
What is the overall MYRG consensus from analysts for MYR Group Inc?
The overall analyst consensus for MYRG is bullish. Out of 11 Wall Street analysts, 3 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $190.00.
How accurate are MYRG stock price projections?
Stock price projections, including those for MYR Group Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.