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MYR Group Inc (MYRG) Stock Forecast & Price Prediction

Live MYRG Stock Price & Analysis

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$134.00

-0.11 (-0.08%)

12 Month Price Forecast For MYRG

$134.00
Current Price
$2.15B
Market Cap
5 Ratings
Buy 3
Hold 2
Sell 0
Wall St Analyst Ratings

Distance to MYRG Price Forecasts

+50.0%
To High Target of $201.00
+41.8%
To Median Target of $190.00
+14.2%
To Low Target of $153.00

MYRG Price Momentum

-9.3%
1 Week Change
-8.2%
1 Month Change
-15.3%
1 Year Change
-9.9%
Year-to-Date Change
-26.0%
From 52W High of $181.02
+54.7%
From 52W Low of $86.60

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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

3
Buy
2
Hold
0
Sell

MYRG Price Target Range

Low
$153.00
Average
$190.00
High
$201.00
Current: $134.00

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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The following stocks are similar to MYR Group based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

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

Market Cap $2.15B
Enterprise Value $2.33B
P/E Ratio 58.5x
PEG Ratio 21.3x
Price/Sales 0.6x

Growth & Margins

Revenue Growth (YoY) -5.5%
Gross Margin +8.7%
Operating Margin +2.1%
Net Margin +1.1%
EPS Growth -50.5%

Financial Health

Cash/Price Ratio +0.4%
Current Ratio 1.4x
Debt/Equity 23.3x
ROE +6.3%
ROA +2.2%

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MYR Group Inc (MYRG) Company Overview

About MYR Group Inc

What They Do

Provides electrical construction services in North America.

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.

Additional Information

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

MYR Group Inc (MYRG) Latest News & Analysis

MYRG stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: GlobeNewsWire
Market Sentiment: Neutral
MYRG stock latest news image
Quick Summary

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.

Why It Matters

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.

Source: GlobeNewsWire
Market Sentiment: Neutral
MYRG stock latest news image
Quick Summary

MYR Group Inc. (NASDAQ: MYRG) will attend the Goldman Sachs Energy, CleanTech & Utilities Conference on Jan. 7, 2025, where executives will meet with institutional investors.

Why It Matters

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.

Source: GlobeNewsWire
Market Sentiment: Neutral
MYRG stock latest news image
Quick Summary

MYR 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.

Why It Matters

MYR Group's participation in the Oppenheimer Midwest Virtual Summit signals engagement with institutional investors, potentially influencing investor sentiment and stock performance.

Source: GlobeNewsWire
Market Sentiment: Neutral
MYRG stock latest news image
Quick Summary

MYR 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.

Why It Matters

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.

Source: GlobeNewsWire
Market Sentiment: Neutral
MYRG stock latest news image
Quick Summary

MYR Group Inc. (NASDAQ: MYRG) will attend the UBS Global Industrials and Transportation Conference on Dec. 4, 2024, where executives will meet with institutional investors.

Why It Matters

MYR Group's participation in a prestigious investor conference highlights its visibility and credibility, potentially attracting institutional investment and impacting stock performance.

Source: GlobeNewsWire
Market Sentiment: Neutral

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.