MYR Group, Inc. (NASDAQ:MYRG) Receives Consensus Rating of “Moderate Buy” from Analysts

Posted by Stanley Muller on Sep 15th, 2026

MYR Group, Inc. (NASDAQ:MYRG – Get Free Report) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $451.20.

A number of research firms recently commented on MYRG. Weiss Ratings lowered MYR Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 2nd. Zacks Research upgraded shares of MYR Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Wall Street Zen downgraded MYR Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. The Goldman Sachs Group lowered their price objective on MYR Group from $469.00 to $422.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Finally, Jefferies Financial Group set a $392.00 price objective on MYR Group in a research note on Friday, July 10th.

Read Our Latest Stock Analysis on MYRG

Hedge Funds Weigh In On MYR Group

Several institutional investors have recently made changes to their positions in MYRG. California State Teachers Retirement System raised its stake in MYR Group by 49,257.6% during the 2nd quarter. California State Teachers Retirement System now owns 9,012,704 shares of the utilities provider’s stock worth $4,509,957,000 after buying an additional 8,994,444 shares during the period. BlackRock Inc. acquired a new stake in MYR Group in the second quarter valued at approximately $1,232,294,000. Bank of America Corp DE acquired a new stake in MYR Group in the second quarter valued at approximately $61,365,000. Bank of New York Mellon Corp acquired a new position in shares of MYR Group during the second quarter worth approximately $53,361,000. Finally, Neumeier Poma Investment Counsel LLC bought a new position in shares of MYR Group in the 2nd quarter worth $50,008,475. Institutional investors and hedge funds own 88.90% of the company’s stock.

MYR Group Price Performance

Shares of NASDAQ:MYRG opened at $271.75 on Tuesday. MYR Group has a one year low of $171.51 and a one year high of $503.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 25.78 and a beta of 1.31. The firm has a 50 day simple moving average of $340.41 and a 200 day simple moving average of $361.34.

MYR Group (NASDAQ:MYRG – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.55. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $995.74 million. MYR Group had a return on equity of 24.17% and a net margin of 4.13%.The business’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the firm posted $1.70 earnings per share. Research analysts predict that MYR Group will post 12.43 earnings per share for the current fiscal year.

About MYR Group

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MYR Group Inc (NASDAQ: MYRG) is a holding company that provides specialized electrical construction and infrastructure services in the United States and Canada. Through its operating subsidiaries, the company serves utilities, renewable energy developers, commercial and industrial businesses, government entities and other customers.

Its utility infrastructure operations focus on the construction, maintenance and repair of electric transmission and distribution systems, substations, storm restoration projects and other power-delivery infrastructure.