
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group Inc has demonstrated a robust performance with shares appreciating approximately 85% since the upgrade to Overweight on March 13, signaling strong investor confidence. The company's end markets are experiencing a multiyear growth uptrend, with increasing opportunities anticipated in the transmission and distribution (T&D) sector. Furthermore, MYR Group has successfully addressed previous project execution challenges by realigning its business towards core growth and margin objectives, reinforcing a positive outlook for its financial trajectory.
Bears say
MYR Group Inc faces multiple risks that could impede its growth, including an unfavorable regulatory environment, permitting challenges, and adverse weather conditions, which may affect execution and margins. The company has revised its margin projections for both its Transmission and Distribution (T&D) and Commercial and Industrial (C&I) segments downward, with T&D margins expected to decline from 8.6% to 8.2% and C&I margins from 5.1% to 5%. Additionally, ongoing supply chain challenges could impact project sequencing and overall profitability, contributing to the negative outlook on the stock.
This aggregate rating is based on analysts' research of MYR Group and is not a guaranteed prediction by Public.com or investment advice.
MYR Group (MYRG) Analyst Forecast & Price Prediction
Start investing in MYR Group (MYRG)
Order type
Buy in
Order amount
Est. shares
0 shares