NASDAQ:MYRG

MYR Group Stock Forecast, Price & News

$63.01

-1.57 (-2.43 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$61.59

Now: $63.01▼

$64.58

50-Day Range

$51.13

MA: $58.76▼

$64.58

52-Week Range

$16.33

Now: $63.01▼

$65.41

Volume105,779 shs

Average Volume128,197 shs

Market Capitalization$1.05 billion

P/E Ratio19.88

Dividend YieldN/A

Beta1.01

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 company's 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. Its services include construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, and renewable power facilities; and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm 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. Its Commercial and Industrial segment provides services, such as design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting. This segment offers its services for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. It serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Rolling Meadows, Illinois.

MarketRank^™

Overall MarketRank^™

1.42 out of 5 stars

Utilities Sector

82nd out of 243 stocks

Water, Sewer, & Utility Lines Industry

5th out of 7 stocks

1.3 Analyst's Opinion

Consensus Rating
MYR Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $40.75, MYR Group has a forecasted downside of 35.3% from its current price of $63.01.
Amount of Analyst Coverage
MYR Group has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
MYR Group has received 316 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
MYR Group has received 385 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
MYR Group has received 54.92% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about MYR Group and other stocks. Vote “Outperform” if you believe MYRG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MYRG will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
MYR Group does not currently pay a dividend.
Dividend Growth
MYR Group does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MYR Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,471,333.00 in company stock.
Percentage Held by Insiders
Only 4.00% of the stock of MYR Group is held by insiders.
Percentage Held by Institutions
85.82% of the stock of MYR Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for MYR Group are expected to grow by 5.30% in the coming year, from $3.21 to $3.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MYR Group is 19.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of MYR Group is 19.88, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 34.16.
Price to Book Value per Share Ratio
MYR Group has a P/B Ratio of 2.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Water, sewer, & utility lines

Sub-IndustryConstruction & Engineering

SectorUtilities

Current SymbolNASDAQ:MYRG

Previous Symbol

CUSIP55405W10

CIK700923

Webwww.myrgroup.com

Phone847-290-1891

Employees7,100

Debt

Debt-to-Equity Ratio0.16

Current Ratio1.43

Quick Ratio1.43

Price-To-Earnings

Trailing P/E Ratio19.88

Forward P/E Ratio19.63

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.07 billion

Price / Sales0.51

Cash Flow$5.00 per share

Price / Cash Flow12.59

Book Value$21.89 per share

Price / Book2.88

Profitability

EPS (Most Recent Fiscal Year)$2.26

Net Income$37.69 million

Net Margins2.41%

Return on Equity13.89%

Return on Assets5.38%

Miscellaneous

Outstanding Shares16,730,000

Market Cap$1.05 billion

Next Earnings Date3/3/2021 (Estimated)

OptionableOptionable

$63.01

-1.57 (-2.43 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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MYR Group (NASDAQ:MYRG) Frequently Asked Questions

How has MYR Group's stock been impacted by COVID-19 (Coronavirus)?

MYR Group's stock was trading at $25.16 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MYRG shares have increased by 150.4% and is now trading at $63.01.
View which stocks have been most impacted by COVID-19.

Is MYR Group a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MYR Group stock.
View analyst ratings for MYR Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than MYR Group?

Wall Street analysts have given MYR Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but MYR Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is MYR Group's next earnings date?

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for MYR Group.

How were MYR Group's earnings last quarter?

MYR Group Inc. (NASDAQ:MYRG) issued its quarterly earnings data on Wednesday, October, 28th. The utilities provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.78 by $0.24. The utilities provider had revenue of $607.90 million for the quarter, compared to analysts' expectations of $560.59 million. MYR Group had a return on equity of 13.89% and a net margin of 2.41%.
View MYR Group's earnings history.

What price target have analysts set for MYRG?

4 analysts have issued 12 month price targets for MYR Group's shares. Their forecasts range from $27.00 to $66.00. On average, they expect MYR Group's share price to reach $40.75 in the next twelve months. This suggests that the stock has a possible downside of 35.3%.
View analysts' price targets for MYR Group or view Wall Street analyst' top-rated stocks.

Are investors shorting MYR Group?

MYR Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 305,700 shares, an increase of 56.5% from the December 15th total of 195,300 shares. Based on an average daily volume of 113,700 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.9% of the shares of the stock are sold short.
View MYR Group's Short Interest.

Who are some of MYR Group's key competitors?

Some companies that are related to MYR Group include Jacobs Engineering Group (JEC), Quanta Services (PWR), AECOM (ACM), MasTec (MTZ), EMCOR Group (EME), KBR (KBR), Fluor (FLR), Dycom Industries (DY), Ameresco (AMRC), Comfort Systems USA (FIX), Granite Construction (GVA), Primoris Services (PRIM), Great Lakes Dredge & Dock (GLDD), Tutor Perini (TPC) and Argan (AGX).
View all of MYRG's competitors.

What other stocks do shareholders of MYR Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Alibaba Group (BABA), The Ensign Group (ENSG), Innovative Industrial Properties (IIPR), The Walt Disney (DIS), Alphabet (GOOG), Gilead Sciences (GILD), JPMorgan Chase & Co. (JPM), Avid Technology (AVID), Bank of America (BAC) and Applied Materials (AMAT).

Who are MYR Group's key executives?

MYR Group's management team includes the following people:

Mr. Richard S. Swartz Jr., Pres, CEO & Director (Age 56, Pay $1.57M)
Ms. Betty R. Johnson, Sr. VP & CFO (Age 62, Pay $838.17k)
Mr. William F. Fry, VP, Chief Legal Officer & Corp. Sec. (Age 45, Pay $895.37k)
Mr. Tod M. Cooper, Sr. VP & COO of Transmission and Distribution (Age 55, Pay $835.09k)
Mr. Jeffrey J. Waneka, Sr. VP and COO of Commercial & Industrial (Age 58, Pay $765.53k)
Ms. Kristine Walczak, Sr. VP, Dresner Corp. Service
Doreen L. Keller, VP of HR

What is MYR Group's stock symbol?

MYR Group trades on the NASDAQ under the ticker symbol "MYRG."

Who are MYR Group's major shareholders?

MYR Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sheets Smith Wealth Management (0.08%), State of Alaska Department of Revenue (0.08%), Diversified Trust Co (0.03%) and West Oak Capital LLC (0.01%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, Richard S Jr Swartz, Tod M Cooper, William A Koertner and William Patterson.
View institutional ownership trends for MYR Group.

Which major investors are selling MYR Group stock?

MYRG stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have sold MYR Group company stock in the last year include Richard S Jr Swartz, Tod M Cooper, and William A Koertner.
View insider buying and selling activity for MYR Group or view top insider-selling stocks.

Which major investors are buying MYR Group stock?

MYRG stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co, West Oak Capital LLC, and Sheets Smith Wealth Management.
View insider buying and selling activity for MYR Group or or view top insider-buying stocks.

How do I buy shares of MYR Group?

Shares of MYRG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is MYR Group's stock price today?

One share of MYRG stock can currently be purchased for approximately $63.01.

How big of a company is MYR Group?

MYR Group has a market capitalization of $1.05 billion and generates $2.07 billion in revenue each year. The utilities provider earns $37.69 million in net income (profit) each year or $2.26 on an earnings per share basis. MYR Group employs 7,100 workers across the globe.

What is MYR Group's official website?

The official website for MYR Group is www.myrgroup.com.

How can I contact MYR Group?

MYR Group's mailing address is 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008. The utilities provider can be reached via phone at 847-290-1891 or via email at [email protected]

This page was last updated on 1/17/2021 by MarketBeat.com Staff

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