MYR Group Inc. (MYRG)
NASDAQ: MYRG · Real-Time Price · USD
119.30
-4.38 (-3.54%)
Oct 22, 2024, 4:00 PM EDT - Market closed
MYR Group Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for MYR Group stock have an average target of 147, with a low estimate of 119 and a high estimate of 184. The average target predicts an increase of 23.22% from the current stock price of 119.30.
Analyst Consensus: Buy
* Price targets were last updated on Sep 19, 2024.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 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 | 5 | 5 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $182 → $124 | Strong Buy | Maintains | $182 → $124 | +3.94% | Sep 19, 2024 |
| Stifel | Stifel | Strong Buy Maintains $172 → $119 | Strong Buy | Maintains | $172 → $119 | -0.25% | Aug 5, 2024 |
| Baird | Baird | Buy Maintains $170 → $143 | Buy | Maintains | $170 → $143 | +19.87% | Aug 1, 2024 |
| Baird | Baird | Buy Maintains $185 → $180 | Buy | Maintains | $185 → $180 | +50.88% | May 2, 2024 |
| Stifel | Stifel | Strong Buy Maintains $185 → $184 | Strong Buy | Maintains | $185 → $184 | +54.23% | Apr 16, 2024 |
Financial Forecast
Revenue This Year
3.63B
from 3.64B
Decreased by -0.49%
Revenue Next Year
3.76B
from 3.63B
Increased by 3.81%
EPS This Year
1.49
from 5.40
Decreased by -72.47%
EPS Next Year
5.82
from 1.49
Increased by 291.24%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.8B | 4.0B | 4.2B |
| Avg | 3.6B | 3.8B | 4.1B |
| Low | 3.5B | 3.5B | 3.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.1% | 9.7% | 10.9% |
| Avg | -0.5% | 3.8% | 7.7% |
| Low | -4.9% | -4.7% | 3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.10 | 6.94 | 7.08 |
| Avg | 1.49 | 5.82 | 6.88 |
| Low | 0.89 | 4.76 | 6.61 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -61.1% | 366.9% | 21.8% |
| Avg | -72.5% | 291.2% | 18.3% |
| Low | -83.5% | 220.2% | 13.7% |
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.