MYR Group Inc. (MYRG)
NASDAQ: MYRG · IEX Real-Time Price · USD
141.15
+0.34 (0.24%)
Jul 18, 2024, 3:30 PM EDT - Market open

MYR Group Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for MYR Group stock have an average target of 173.25, with a low estimate of 164 and a high estimate of 184. The average target predicts an increase of 22.74% from the current stock price of 141.15.

Analyst Consensus: Buy
Target Low Average Median High
Price $164 $173.25 $180 $184
Change +16.19% +22.74% +27.52% +30.36%
* Price targets were last updated on May 2, 2024.

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 Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 222222
Buy 111111
Hold 222222
Sell 000000
Strong Sell 000000
Total 555555

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Baird
Baird
Buy
Maintains
$185$180
Buy Maintains $185$180 +27.52% May 2, 2024
Stifel
Stifel
Strong Buy
Maintains
$185$184
Strong Buy Maintains $185$184 +30.36% Apr 16, 2024
Stifel
Stifel
Strong Buy
Maintains
$168$185
Strong Buy Maintains $168$185 +31.07% Mar 1, 2024
Sidoti & Co.
Sidoti & Co.
Hold
Downgrades
$165
Hold Downgrades $165 +16.90% Feb 26, 2024
Keybanc
Keybanc
Hold
Initiates
n/a
Hold Initiates n/a n/a Jan 10, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
3.78B
from 3.64B
Increased by 3.60%
Revenue Next Year
4.05B
from 3.78B
Increased by 7.23%
EPS This Year
5.73
from 5.40
Increased by 6.16%
EPS Next Year
7.58
from 5.73
Increased by 32.30%
Year 20192020202120222023202420252026
Revenue
2.07B2.25B2.50B3.01B3.64B3.78B4.05B4.61B
Revenue Growth
35.27%8.51%11.16%20.42%21.12%3.60%7.23%13.86%
EPS
2.263.484.954.915.405.737.589.11
EPS Growth
20.86%53.98%42.24%-0.81%9.98%6.16%32.30%20.17%
Forward PE
-----24.6218.6115.49
No. Analysts -----874
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 4.0B 4.4B 4.7B
Avg 3.8B 4.0B 4.6B
Low 3.6B 3.8B 4.4B

Revenue Growth

Revenue Growth 202420252026
High
10.3%
17.6%
17.2%
Avg
3.6%
7.2%
13.9%
Low
-2.4%
-0.3%
9.4%

EPS Forecast

EPS 202420252026
High 6.33 8.96 10.83
Avg 5.73 7.58 9.11
Low 5.19 6.23 7.41

EPS Growth

EPS Growth 202420252026
High
17.2%
56.2%
42.7%
Avg
6.2%
32.3%
20.2%
Low
-3.8%
8.7%
-2.3%
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.