MYR Group Inc. (MYRG)
NASDAQ: MYRG · IEX Real-Time Price · USD
158.71
-0.12 (-0.08%)
Apr 19, 2024, 4:00 PM EDT - Market closed
MYR Group Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for MYR Group stock have an average target of 165, with a low estimate of 147 and a high estimate of 184. The average target predicts an increase of 3.96% from the current stock price of 158.71.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for MYR Group stock from 5 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 6 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $185 → $184 | Strong Buy | Maintains | $185 → $184 | +15.93% | Apr 16, 2024 |
| Stifel | Stifel | Strong Buy Maintains $168 → $185 | Strong Buy | Maintains | $168 → $185 | +16.56% | Mar 1, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades $165 | Strong Buy → Hold | Downgrades | $165 | +3.96% | Feb 26, 2024 |
| Keybanc | Keybanc | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jan 10, 2024 |
| Stifel | Stifel | Strong Buy Maintains $144 → $168 | Strong Buy | Maintains | $144 → $168 | +5.85% | Dec 19, 2023 |
Financial Forecast
Revenue This Year
4.00B
from 3.64B
Increased by 9.66%
Revenue Next Year
4.25B
from 4.00B
Increased by 6.38%
EPS This Year
6.57
from 5.40
Increased by 21.59%
EPS Next Year
8.13
from 6.57
Increased by 23.85%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.1B | 4.5B | 4.7B |
| Avg | 4.0B | 4.3B | 4.6B |
| Low | 3.8B | 4.0B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.5% | 12.9% | 11.1% |
| Avg | 9.7% | 6.4% | 7.9% |
| Low | 4.8% | 0.2% | 3.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.16 | 9.80 | 11.29 |
| Avg | 6.57 | 8.13 | 8.96 |
| Low | 5.77 | 6.11 | 6.69 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 32.6% | 49.2% | 38.8% |
| Avg | 21.6% | 23.9% | 10.2% |
| Low | 6.8% | -7.0% | -17.7% |
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.