MYR Group Inc. (MYRG)
NASDAQ: MYRG · Real-Time Price · USD
159.12
+1.05 (0.66%)
Dec 3, 2024, 2:09 PM EST - Market open
MYR Group Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for MYR Group stock have an average target of 151.8, with a low estimate of 119 and a high estimate of 184. The average target predicts a decrease of -4.60% from the current stock price of 159.12.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MYR Group stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $124 → $153 | Strong Buy | Maintains | $124 → $153 | -3.84% | Nov 4, 2024 |
| Baird | Baird | Buy Maintains $131 → $138 | Buy | Maintains | $131 → $138 | -13.27% | Oct 31, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $182 → $124 | Strong Buy | Maintains | $182 → $124 | -22.07% | Sep 19, 2024 |
| Stifel | Stifel | Strong Buy Maintains $172 → $119 | Strong Buy | Maintains | $172 → $119 | -25.21% | Aug 5, 2024 |
| Baird | Baird | Buy Maintains $170 → $143 | Buy | Maintains | $170 → $143 | -10.13% | Aug 1, 2024 |
Financial Forecast
Revenue This Year
3.49B
from 3.64B
Decreased by -4.31%
Revenue Next Year
3.59B
from 3.49B
Increased by 2.93%
EPS This Year
1.59
from 5.40
Decreased by -70.63%
EPS Next Year
6.27
from 1.59
Increased by 295.02%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.6B | 3.8B | 4.0B |
| Avg | 3.5B | 3.6B | 3.8B |
| Low | 3.3B | 3.4B | 3.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -1.3% | 8.7% | 12.8% |
| Avg | -4.3% | 2.9% | 7.0% |
| Low | -8.2% | -3.6% | -0.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.86 | 6.88 | 8.41 |
| Avg | 1.59 | 6.27 | 7.61 |
| Low | 1.14 | 5.46 | 6.62 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -65.6% | 333.6% | 34.2% |
| Avg | -70.6% | 295.0% | 21.4% |
| Low | -78.9% | 244.2% | 5.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.