MYR Group (MYRG) Stock Forecast, Price Target & Predictions
MYRG Stock Forecast
MYR Group stock forecast is as follows: an average price target of $138.33 (represents a -9.77% downside from MYRG’s last price of $153.30) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
MYRG Price Target
The average price target for MYR Group (MYRG) is $138.33 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $172.00 to $119.00. This represents a potential -9.77% downside from MYRG's last price of $153.30.
MYRG Analyst Ratings
According to 8 Wall Street analysts, MYR Group's rating consensus is 'Buy'. The analyst rating breakdown for MYRG stock is 0 'Strong Buy' (0.00%), 5 'Buy' (62.50%), 3 'Hold' (37.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
MYR Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Andrew Wittmann | Robert W. Baird | $172.00 | $149.56 | 15.00% | 12.20% |
| Sep 18, 2024 | Ati Modak | Goldman Sachs | $124.00 | $100.69 | 23.15% | -19.11% |
| Aug 28, 2024 | Andrew Wittmann | Robert W. Baird | $131.00 | $100.01 | 30.99% | -14.55% |
| Aug 05, 2024 | Brian Brophy | Stifel Nicolaus | $119.00 | $96.18 | 23.73% | -22.37% |
| Oct 28, 2022 | Justin Hauke | Robert W. Baird | $95.00 | $80.28 | 18.34% | -38.03% |
The latest MYR Group stock forecast, released on Nov 15, 2024 by Andrew Wittmann from Robert W. Baird, set a price target of $172.00, which represents a 15.00% increase from the stock price at the time of the forecast ($149.56), and a 12.20% increase from MYRG last price ($153.30).
MYR Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $148.00 | $136.50 |
| Last Closing Price | $153.30 | $153.30 | $153.30 |
| Upside/Downside | -100.00% | -3.46% | -10.96% |
In the current month, the average price target of MYR Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to MYR Group's last price of $153.30. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 18, 2024 | Goldman Sachs | Buy | Buy | Hold |
| May 02, 2024 | Sidoti & Co. | Underperform | Underperform | Hold |
| May 02, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Mar 01, 2024 | Stifel Nicolaus | Buy | Buy | Hold |
| Oct 17, 2023 | Sidoti & Co. | Buy | Upgrade | |
| Oct 17, 2023 | Wolfe Research | Peer Perform | Initialise | |
| Oct 17, 2023 | Cantor Fitzgerald | Neutral | Downgrade | |
| Oct 28, 2022 | BTIG | Buy | Initialise | |
| Oct 28, 2022 | National Bank | Sector Perform | Initialise | |
| Oct 28, 2022 | B. Riley | Buy | Initialise | |
| Oct 28, 2022 | B. Riley Securities | Neutral | Initialise | |
| Oct 28, 2022 | Goldman Sachs | Buy | Initialise | |
| Oct 28, 2022 | KeyBanc | Overweight | Upgrade |
MYR Group's last stock rating was published by Goldman Sachs on Sep 18, 2024. The company gave MYRG a "Buy" rating, the same as its previous rate.
MYR Group Financial Forecast
MYR Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $888.62M | $811.62M | $863.96M | $799.85M | $708.11M | $636.62M | $646.05M | $610.18M | $649.57M | $592.49M | $607.97M | $607.90M | $513.05M | $518.47M | $571.08M | $583.21M |
| Avg Forecast | $981.00M | $955.98M | $862.86M | $855.09M | $930.12M | $928.50M | $826.83M | $798.19M | $886.58M | $917.18M | $876.36M | $852.00M | $904.76M | $877.48M | $781.66M | $721.21M | $741.45M | $727.61M | $681.15M | $622.64M | $609.47M | $645.95M | $566.16M | $526.10M | $580.86M | $572.03M | $509.38M | $546.63M | $545.98M | $498.84M |
| High Forecast | $996.81M | $971.38M | $876.76M | $868.87M | $945.10M | $943.46M | $840.15M | $811.05M | $962.14M | $925.82M | $876.50M | $853.06M | $919.33M | $877.48M | $794.25M | $732.83M | $753.40M | $727.61M | $681.15M | $622.64M | $609.47M | $645.95M | $566.16M | $526.10M | $580.86M | $572.03M | $509.38M | $546.63M | $545.98M | $498.84M |
| Low Forecast | $964.07M | $939.48M | $847.97M | $840.33M | $914.06M | $912.48M | $812.56M | $784.42M | $808.55M | $908.53M | $876.22M | $850.93M | $889.14M | $877.48M | $768.17M | $708.76M | $728.66M | $727.61M | $681.15M | $622.64M | $609.47M | $645.95M | $566.16M | $526.10M | $580.86M | $572.03M | $509.38M | $546.63M | $545.98M | $498.84M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.13% | 1.17% | 1.10% | 1.04% | 1.02% | 1.06% | 0.94% | 1.15% | 1.13% | 1.05% | 1.06% | 1.01% | 0.95% | 1.05% | 1.17% |
MYR Group's average Quarter revenue forecast for Sep 23 based on 1 analysts is $877.48M, with a low forecast of $877.48M, and a high forecast of $877.48M. MYRG's average Quarter revenue forecast represents a -1.25% decrease compared to the company's last Quarter revenue of $888.62M (Jun 23).
MYR Group EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $32.44M | $40.42M | $38.63M | $40.00M | $43.27M | $38.82M | $41.43M | $42.33M | $41.22M | $39.34M | $37.24M | $36.22M | $31.55M | $27.38M | $31.44M | $28.09M |
| Avg Forecast | $54.67M | $53.28M | $48.09M | $47.66M | $51.84M | $51.75M | $46.08M | $44.48M | $49.41M | $51.12M | $48.84M | $41.10M | $50.42M | $48.90M | $43.56M | $37.36M | $42.31M | $40.39M | $37.81M | $33.97M | $33.83M | $35.85M | $31.42M | $29.23M | $32.24M | $31.75M | $28.27M | $23.70M | $30.30M | $27.69M |
| High Forecast | $55.55M | $54.14M | $48.86M | $48.42M | $52.67M | $52.58M | $46.82M | $45.20M | $53.62M | $51.60M | $48.85M | $49.32M | $51.24M | $48.90M | $44.26M | $44.84M | $50.78M | $40.39M | $37.81M | $40.76M | $33.83M | $35.85M | $31.42M | $35.07M | $32.24M | $31.75M | $28.27M | $28.44M | $30.30M | $27.69M |
| Low Forecast | $53.73M | $52.36M | $47.26M | $46.83M | $50.94M | $50.85M | $45.28M | $43.72M | $45.06M | $50.63M | $48.83M | $32.88M | $49.55M | $48.90M | $42.81M | $29.89M | $33.85M | $40.39M | $37.81M | $27.17M | $33.83M | $35.85M | $31.42M | $23.38M | $32.24M | $31.75M | $28.27M | $18.96M | $30.30M | $27.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.74% | 1.08% | 0.91% | 0.99% | 1.14% | 1.14% | 1.22% | 1.18% | 1.31% | 1.35% | 1.16% | 1.14% | 1.12% | 1.16% | 1.04% | 1.01% |
1 analysts predict MYRG's average Quarter EBITDA for Sep 23 to be $48.90M, with a high of $48.90M and a low of $48.90M. This is 50.76% upper than MYR Group's previous annual EBITDA (Jun 23) of $32.44M.
MYR Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $22.27M | $23.16M | $24.57M | $18.44M | $19.68M | $20.69M | $20.69M | $23.17M | $21.22M | $19.93M | $18.15M | $17.29M | $13.38M | $9.93M | $12.78M | $10.36M |
| Avg Forecast | $32.79M | $31.80M | $27.17M | $32.41M | $27.94M | $27.16M | $21.37M | $21.27M | $11.39M | $5.65M | $18.41M | $21.49M | $24.45M | $21.28M | $20.89M | $19.54M | $21.14M | $20.24M | $19.24M | $17.76M | $18.81M | $19.94M | $16.52M | $14.81M | $13.17M | $13.07M | $8.67M | $8.60M | $10.01M | $10.22M |
| High Forecast | $33.48M | $32.47M | $27.74M | $33.09M | $28.53M | $27.73M | $21.82M | $21.71M | $11.63M | $5.77M | $18.43M | $25.79M | $24.96M | $21.97M | $21.61M | $23.44M | $25.36M | $20.77M | $19.29M | $21.31M | $18.81M | $20.40M | $16.73M | $17.77M | $13.17M | $13.07M | $8.67M | $10.31M | $10.01M | $10.22M |
| Low Forecast | $32.06M | $31.09M | $26.56M | $31.68M | $27.32M | $26.55M | $20.89M | $20.79M | $11.13M | $5.52M | $18.40M | $17.19M | $23.90M | $20.58M | $20.18M | $15.63M | $16.91M | $19.71M | $19.18M | $14.21M | $18.81M | $19.48M | $16.31M | $11.84M | $13.17M | $13.07M | $8.67M | $6.88M | $10.01M | $10.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.19% | 1.16% | 0.91% | 1.02% | 1.16% | 1.10% | 1.16% | 1.28% | 1.35% | 1.38% | 1.32% | 1.54% | 1.16% | 1.28% | 1.01% |
MYR Group's average Quarter net income forecast for Sep 23 is $21.28M, with a range of $20.58M to $21.97M. MYRG's average Quarter net income forecast represents a -4.48% decrease compared to the company's last Quarter net income of $22.27M (Jun 23).
MYR Group SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $57.77M | $56.96M | $57.95M | $58.89M | $52.02M | $53.56M | $52.60M | $53.07M | $51.89M | $49.65M | $50.85M | $51.44M | $41.20M | $45.05M | $48.08M | $41.67M |
| Avg Forecast | $74.71M | $72.81M | $65.71M | $65.12M | $70.84M | $70.71M | $62.97M | $60.79M | $67.52M | $69.85M | $66.74M | $55.64M | $68.90M | $66.83M | $59.53M | $50.58M | $53.73M | $55.41M | $51.88M | $45.98M | $46.42M | $49.19M | $43.12M | $36.89M | $44.24M | $43.57M | $38.79M | $38.98M | $41.58M | $37.99M |
| High Forecast | $75.92M | $73.98M | $66.77M | $66.17M | $71.98M | $71.85M | $63.98M | $61.77M | $73.28M | $70.51M | $66.75M | $66.77M | $70.01M | $66.83M | $60.49M | $60.70M | $64.47M | $55.41M | $51.88M | $55.18M | $46.42M | $49.19M | $43.12M | $44.26M | $44.24M | $43.57M | $38.79M | $46.78M | $41.58M | $37.99M |
| Low Forecast | $73.42M | $71.55M | $64.58M | $64.00M | $69.61M | $69.49M | $61.88M | $59.74M | $61.58M | $69.19M | $66.73M | $44.51M | $67.72M | $66.83M | $58.50M | $40.47M | $42.98M | $55.41M | $51.88M | $36.79M | $46.42M | $49.19M | $43.12M | $29.51M | $44.24M | $43.57M | $38.79M | $31.19M | $41.58M | $37.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.13% | 1.08% | 1.06% | 1.00% | 1.16% | 1.13% | 1.08% | 1.20% | 1.35% | 1.15% | 1.18% | 1.06% | 1.16% | 1.16% | 1.10% |
MYR Group's average Quarter SG&A projection for Sep 23 is $66.83M, based on 1 Wall Street analysts, with a range of $66.83M to $66.83M. The forecast indicates a 15.67% rise compared to MYRG last annual SG&A of $57.77M (Jun 23).
MYR Group EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 8 | 7 | 6 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.33 | $1.39 | $1.48 | $1.11 | $1.17 | $1.22 | $1.23 | $1.37 | $1.26 | $1.19 | $1.09 | $1.04 | $0.80 | $0.60 | $0.77 | $0.62 |
| Avg Forecast | $2.01 | $1.95 | $1.66 | $1.99 | $1.71 | $1.66 | $1.31 | $1.30 | $0.70 | $0.35 | $1.13 | $1.14 | $1.50 | $1.30 | $1.28 | $1.01 | $1.03 | $1.21 | $1.15 | $1.08 | $1.12 | $1.19 | $0.99 | $0.62 | $0.79 | $0.78 | $0.52 | $0.52 | $0.60 | $0.61 |
| High Forecast | $2.05 | $1.99 | $1.70 | $2.03 | $1.75 | $1.70 | $1.34 | $1.33 | $0.71 | $0.35 | $1.13 | $1.15 | $1.53 | $1.35 | $1.32 | $1.03 | $1.06 | $1.24 | $1.15 | $1.08 | $1.12 | $1.22 | $1.00 | $0.62 | $0.79 | $0.78 | $0.52 | $0.52 | $0.60 | $0.61 |
| Low Forecast | $1.96 | $1.90 | $1.63 | $1.94 | $1.67 | $1.63 | $1.28 | $1.27 | $0.68 | $0.34 | $1.13 | $1.14 | $1.46 | $1.26 | $1.24 | $0.99 | $1.01 | $1.18 | $1.14 | $1.08 | $1.12 | $1.16 | $0.97 | $0.62 | $0.79 | $0.78 | $0.52 | $0.52 | $0.60 | $0.61 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.37% | 1.43% | 0.92% | 1.02% | 1.13% | 1.10% | 1.15% | 1.28% | 1.93% | 1.39% | 1.33% | 1.55% | 1.16% | 1.29% | 1.02% |
According to 1 Wall Street analysts, MYR Group's projected average Quarter EPS for Sep 23 is $1.30, with a low estimate of $1.26 and a high estimate of $1.35. This represents a -2.01% decrease compared to MYRG previous annual EPS of $1.33 (Jun 23).
MYR Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DY | Dycom Industries | $176.99 | $230.50 | 30.23% | Buy |
| BLD | TopBuild | $338.29 | $431.00 | 27.41% | Buy |
| FIX | Comfort Systems USA | $454.47 | $575.00 | 26.52% | Buy |
| APG | APi Group | $38.77 | $46.50 | 19.94% | Buy |
| MTZ | MasTec | $136.54 | $151.00 | 10.59% | Buy |
| TPC | Tutor Perini | $26.40 | $26.50 | 0.38% | Buy |
| MYRG | MYR Group | $163.42 | $138.33 | -15.35% | Buy |
| ROAD | Construction Partners | $95.90 | $79.67 | -16.92% | Strong Buy |
| GVA | Granite Construction | $91.78 | $70.00 | -23.73% | |
| PRIM | Primoris Services | $80.87 | $41.50 | -48.68% | Buy |