The MYR Group Inc (MYRG) share price is expected to increase by 9.65% over the next year. This is based on calculating the average 12-month share price estimate provided by 3 stock analysts who have covered MYRG. Price targets range from $164.00 at the low end to $175.00 at the high end. The current analyst consensus for MYRG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 3 Wall Street analysts have assignedMYRG 3 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect MYR Group Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MYRG. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
andrew wittmann Robert W. Baird | Buy | $175.0 | maintained | Jan 16, 2024 |
sangita jain KeyBanc | Hold | None | initiatedcoverage | Jan 10, 2024 |
brian brophy Stifel Nicolaus | Buy | $168.0 | maintained | Dec 19, 2023 |
atidrip modak Goldman Sachs | Buy | $164.0 | initiatedcoverage | Dec 15, 2023 |
justin hauke Robert W. Baird | Buy | $153.0 | rated | Oct 25, 2023 |
brian russo Sidoti | Buy | None | upgraded | Oct 17, 2023 |
noelle dilts Stifel Nicolaus | Buy | $140.0 | maintained | Feb 24, 2023 |
sean eastman KeyBanc | Hold | None | downgraded | Jan 17, 2023 |
jon braatz Kansas City Capital | Hold | None | downgraded | Mar 5, 2021 |
alex rygiel B.Riley Financial | Hold | $27.0 | reiterated | May 1, 2020 |
abhishek nigam Nomura | Buy | None | upgraded | Dec 11, 2018 |
george choi Citigroup | Sell | None | downgraded | Nov 5, 2018 |
robert burleson Canaccord Genuity | Hold | None | rated | Aug 31, 2018 |
tahira afzal KeyBanc | Hold | None | reiterated | Nov 19, 2017 |
daniel mannes Avondale | Hold | None | downgraded | Nov 18, 2016 |
william bremer Maxim Group | Buy | $30.0 | reiterated | Aug 5, 2016 |
john b. rogers D.A. Davidson | Hold | $26.0 | reiterated | Aug 4, 2016 |
craig irwin Roth Capital | Hold | $23.0 | downgraded | May 9, 2013 |
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and limited gas construction services, as well as emergency restoration services in response to wildfire, ice, or other related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities and transportation control, and management systems.. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Thornton, Colorado.
When did it IPO
2008
Staff Count
8,500
Country
United States
Sector/Industry
Industrials/Engineering & Construction
CEO
Mr. Richard S. Swartz Jr.
Market Cap
$2.58B
In 2023, MYRG generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that MYRG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
ICUI-USD
$105.19
DORM-USD
$82.82
FTDR-USD
$32.53
$25.99
BEAM-USD
$33.54
$16.01