MYR Group Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MYR Group stock.
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Wall Street analysts have given MYR Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but MYR Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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MYR Group saw a drop in short interest in August. As of August 13th, there was short interest totaling 345,300 shares, a drop of 12.7% from the July 29th total of 395,500 shares. Based on an average daily volume of 128,900 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.1% of the shares of the company are short sold.
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MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for MYR Group.

MYR Group Inc. (NASDAQ:MYRG) posted its quarterly earnings results on Wednesday, July, 28th. The utilities provider reported $1.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.03 by $0.21. The utilities provider earned $649.57 million during the quarter, compared to the consensus estimate of $563.05 million. MYR Group had a trailing twelve-month return on equity of 17.43% and a net margin of 3.12%.
View MYR Group's earnings history.

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 stock has increased by 309.9% and is now trading at $103.12.
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1 analysts have issued 12 month price targets for MYR Group's stock. Their forecasts range from $66.00 to $66.00. On average, they anticipate MYR Group's share price to reach $66.00 in the next year. This suggests that the stock has a possible downside of 36.0%.
View analysts' price targets for MYR Group or view top-rated stocks among Wall Street analysts.

15 employees have rated MYR Group CEO Richard Swartz on Glassdoor.com. Richard Swartz has an approval rating of 92% among MYR Group's employees. This puts Richard Swartz in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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

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).

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

MYR Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.04%), Macquarie Group Ltd. (7.67%), Dimensional Fund Advisors LP (7.38%), Vanguard Group Inc. (6.62%), Invesco Ltd. (4.10%) and Victory Capital Management Inc. (3.73%). Company insiders that own MYR Group stock include Marc Prieur, Richard S Jr Swartz, Tod M Cooper, William A Koertner and William Patterson.
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MYRG stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Macquarie Group Ltd., Dimensional Fund Advisors LP, Victory Capital Management Inc., Bank of America Corp DE, Citadel Advisors LLC, Charles Schwab Investment Management Inc., and Wolverine Trading LLC. Company insiders that have sold MYR Group company stock in the last year include Marc Prieur, 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.

MYRG stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Principal Financial Group Inc., Morgan Stanley, Morgan Stanley, RK Capital Management LLC, Bank of Montreal Can, First Trust Advisors LP, and Vanguard Group Inc..
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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.
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One share of MYRG stock can currently be purchased for approximately $103.12.

MYR Group has a market capitalization of $1.74 billion and generates $2.25 billion in revenue each year. The utilities provider earns $58.76 million in net income (profit) each year or $3.48 on an earnings per share basis.

MYR Group employs 7,200 workers across the globe.

The following companies are subsidiares of MYR Group: CSI Electrical Contractors Inc., E.S. Boulos Company, GSW Integrated Services LLC, Great Southwestern Construction Inc., Harlan Electric Company, High Country Line Construction Inc., Huen Electric Inc., MYR Energy Services Inc., MYR Equipment LLC, MYR Group Construction Canada Ltd., MYR Real Estate Holdings Alaska LLC, MYR Real Estate Holdings LLC, MYR Transmission Services Canada Ltd., Northern Transmission Services Ltd., Sturgeon Electric California LLC, Sturgeon Electric Company Inc., The L. E. Myers Co., and Western Pacific Enterprises Ltd..

MYR Group was founded in 1891.

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

MYR Group is headquartered at 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL, 60008.

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 (303) 286-8000 or via email at [email protected].