Shares of MYR Group, Inc. (NASDAQ:MYRG – Get Free Report) have received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $424.80.
Several analysts recently commented on MYRG shares. Stifel Nicolaus reduced their target price on shares of MYR Group from $445.00 to $393.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group cut their price objective on shares of MYR Group from $469.00 to $422.00 and set a “neutral” rating for the company in a research report on Thursday, August 13th. Weiss Ratings cut MYR Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 2nd. Zacks Research downgraded MYR Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Robert W. Baird set a $375.00 target price on MYR Group in a research note on Thursday, July 30th.
Read Our Latest Stock Report on MYR Group
Institutional Inflows and Outflows
MYR Group Stock Performance
Shares of NASDAQ MYRG opened at $311.63 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.85 billion, a P/E ratio of 29.57 and a beta of 1.32. MYR Group has a 12 month low of $190.13 and a 12 month high of $503.57. The stock has a 50 day moving average of $304.18 and a 200-day moving average of $364.24.
MYR Group (NASDAQ:MYRG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.55. MYR Group had a return on equity of 24.17% and a net margin of 4.13%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $995.74 million. During the same quarter in the prior year, the business earned $1.70 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, equities research analysts predict that MYR Group will post 12.43 EPS for the current year.
MYR Group Company Profile
MYR Group Inc (NASDAQ: MYRG) is a specialty electrical construction services company serving electric utilities, commercial and industrial customers, and other infrastructure developers. Through its operating subsidiaries, the company provides engineering, procurement, construction, maintenance, and repair services for electrical infrastructure.
Its utility work includes the construction and maintenance of high-voltage transmission lines, distribution systems, substations, and related power-delivery facilities.
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