NASDAQ:MYRGMYR Group Stock Price, Forecast & News

MYR Group's stock was trading at $25.16 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MYRG stock has increased by 52.9% and is now trading at $38.46.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MYR Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for MYR Group.

MYR Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for MYR Group.

MYR Group Inc (NASDAQ:MYRG) posted its earnings results on Wednesday, July, 29th. The utilities provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.34. The utilities provider earned $513.05 million during the quarter, compared to analysts' expectations of $503.07 million. MYR Group had a return on equity of 12.56% and a net margin of 2.12%.
View MYR Group's earnings history.

3 Wall Street analysts have issued 12 month price targets for MYR Group's stock. Their forecasts range from $27.00 to $40.00. On average, they anticipate MYR Group's share price to reach $32.33 in the next year. This suggests that the stock has a possible downside of 15.9%.
View analysts' price targets for MYR Group.

News articles about MYRG stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. MYR Group earned a coverage optimism score of -1.8 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about MYR Group.

MYR Group saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 403,100 shares, an increase of 37.8% from the June 15th total of 292,500 shares. Based on an average trading volume of 108,600 shares, the short-interest ratio is presently 3.7 days. Approximately 2.5% of the company's shares are short sold.
View MYR Group's Short Interest.

Some companies that are related to MYR Group include Jacobs Engineering Group (JEC), Quanta Services (PWR), Aecom (ACM), Emcor Group (EME), MasTec (MTZ), KBR (KBR), Comfort Systems USA (FIX), Fluor Co. (NEW) (FLR), Dycom Industries (DY), Ameresco (AMRC), Granite Construction (GVA), Primoris Services (PRIM), Argan (AGX), Tutor Perini (TPC) and Great Lakes Dredge & Dock (GLDD).
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Based on aggregate information from My MarketBeat watchlists, some companies that other MYR Group investors own include Alibaba Group (BABA), The Ensign Group (ENSG), Avid Technology (AVID), Alphabet (GOOG), Innovative Industrial Properties (IIPR), Bank of America (BAC), Walt Disney (DIS), Gilead Sciences (GILD), Aphria (APHA) and JPMorgan Chase & Co. (JPM).

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

MYR Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Macquarie Group Ltd. (10.36%), Vanguard Group Inc. (6.67%), Victory Capital Management Inc. (3.64%), Third Avenue Management LLC (2.00%), Corbyn Investment Management Inc. MD (1.30%) and Bank of New York Mellon Corp (1.07%). Company insiders that own MYR Group stock include Gary Ronald Johnson, Gerald B Jr Engen, William A Koertner and William Patterson.
View institutional ownership trends for MYR Group.

MYRG stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Goldman Sachs Group Inc., Third Avenue Management LLC, Mackay Shields LLC, Fisher Asset Management LLC, Corbyn Investment Management Inc. MD, Prudential Financial Inc., and Teton Advisors Inc.. Company insiders that have sold MYR Group company stock in the last year include William A Koertner, and William Patterson.
View insider buying and selling activity for MYR Group.

MYRG stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Russell Investments Group Ltd., Bank of Montreal Can, Vanguard Group Inc., Wedge Capital Management L L P NC, Alberta Investment Management Corp, ARGI Investment Services LLC, and Swiss National Bank.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MYRG stock can currently be purchased for approximately $38.46.

MYR Group has a market capitalization of $642.63 million 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.

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

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]