MYR Group Inc. (MYRG)
NASDAQ: MYRG · IEX Real-Time Price · USD
155.06
-2.65 (-1.68%)
May 31, 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 173.25, with a low estimate of 164 and a high estimate of 184. The average target predicts an increase of 11.73% from the current stock price of 155.06.
Analyst Consensus: Buy
* 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $185 → $180 | Buy | Maintains | $185 → $180 | +16.08% | May 2, 2024 |
| Stifel | Stifel | Strong Buy Maintains $185 → $184 | Strong Buy | Maintains | $185 → $184 | +18.66% | Apr 16, 2024 |
| Stifel | Stifel | Strong Buy Maintains $168 → $185 | Strong Buy | Maintains | $168 → $185 | +19.31% | Mar 1, 2024 |
| Sidoti & Co. | Sidoti & Co. | Strong Buy → Hold Downgrades $165 | Strong Buy → Hold | Downgrades | $165 | +6.41% | Feb 26, 2024 |
| Keybanc | Keybanc | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jan 10, 2024 |
Financial Forecast
Revenue This Year
3.81B
from 3.64B
Increased by 4.56%
Revenue Next Year
4.09B
from 3.81B
Increased by 7.40%
EPS This Year
5.75
from 5.40
Increased by 6.53%
EPS Next Year
7.65
from 5.75
Increased by 32.98%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.1B | 4.4B | 4.7B |
| Avg | 3.8B | 4.1B | 4.6B |
| Low | 3.6B | 3.8B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 11.1% | 16.5% | 15.9% |
| Avg | 4.6% | 7.4% | 12.6% |
| Low | -2.4% | -1.2% | 8.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.44 | 8.96 | 10.83 |
| Avg | 5.75 | 7.65 | 9.11 |
| Low | 5.19 | 6.23 | 7.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.2% | 55.7% | 41.5% |
| Avg | 6.5% | 33.0% | 19.1% |
| Low | -3.8% | 8.3% | -3.2% |
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.