MYR Group (MYRG) Stock Forecast, Price Target & Predictions

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MYRG Stock Forecast

MYR Group stock forecast is as follows: an average price target of $138.33 (represents a -4.90% downside from MYRG’s last price of $145.46) 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 -4.90% downside from MYRG's last price of $145.46.

MYRG Analyst Ratings

Buy

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%	18.25%
Sep 18, 2024	Ati Modak	Goldman Sachs	$124.00	$100.69	23.15%	-14.75%
Aug 28, 2024	Andrew Wittmann	Robert W. Baird	$131.00	$100.01	30.99%	-9.94%
Aug 05, 2024	Brian Brophy	Stifel Nicolaus	$119.00	$96.18	23.73%	-18.19%
Oct 28, 2022	Justin Hauke	Robert W. Baird	$95.00	$80.28	18.34%	-34.69%

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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 18.25% increase from MYRG last price ($145.46).

MYR Group Price Target by Period

	1M	3M	12M
# Anlaysts	1	3	4
Avg Price Target	$172.00	$142.33	$136.50
Last Closing Price	$145.46	$145.46	$145.46
Upside/Downside	18.25%	-2.15%	-6.16%

In the current month, the average price target of MYR Group stock is $172.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 18.25% increase as opposed to MYR Group's last price of $145.46. This month's average price target is up 20.85% compared to last quarter, and up 26.01% 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

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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	$1.02B	$989.77M	$893.36M	$885.31M	$962.99M	$961.32M	$856.05M	$826.41M	$962.14M	$925.82M	$876.50M	$853.06M	$936.74M	$877.48M	$809.28M	$746.70M	$767.66M	$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
Low Forecast	$944.76M	$920.66M	$830.98M	$823.49M	$895.75M	$894.20M	$796.28M	$768.70M	$808.55M	$908.53M	$876.22M	$850.93M	$871.33M	$877.48M	$752.77M	$694.56M	$714.05M	$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	$54.40M	$53.01M	$47.85M	$47.42M	$51.58M	$51.49M	$45.85M	$44.26M	$49.16M	$50.86M	$48.60M	$41.10M	$50.17M	$48.66M	$43.35M	$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	$56.32M	$54.89M	$49.54M	$49.09M	$53.40M	$53.31M	$47.47M	$45.83M	$53.35M	$51.34M	$48.60M	$49.32M	$51.94M	$48.66M	$44.88M	$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	$52.39M	$51.05M	$46.08M	$45.67M	$49.67M	$49.59M	$44.16M	$42.63M	$44.84M	$50.38M	$48.59M	$32.88M	$48.32M	$48.66M	$41.74M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.75%	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 $48.66M, with a high of $48.66M and a low of $48.66M. This is 50.01% 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	$32.81M	$31.83M	$27.10M	$32.48M	$27.91M	$27.15M	$21.38M	$21.28M	$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	$34.32M	$33.29M	$28.34M	$33.98M	$29.20M	$28.40M	$22.37M	$22.25M	$11.91M	$5.91M	$18.43M	$25.79M	$25.58M	$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	$31.24M	$30.30M	$25.80M	$30.92M	$26.57M	$25.85M	$20.36M	$20.25M	$10.84M	$5.38M	$18.40M	$17.19M	$23.28M	$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	$77.35M	$75.38M	$68.04M	$67.42M	$73.34M	$73.21M	$65.20M	$62.94M	$73.28M	$70.51M	$66.75M	$66.77M	$71.34M	$66.83M	$61.63M	$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	$71.95M	$70.12M	$63.29M	$62.72M	$68.22M	$68.10M	$60.64M	$58.54M	$61.58M	$69.19M	$66.73M	$44.51M	$66.36M	$66.83M	$57.33M	$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	$2.10	$2.04	$1.74	$2.08	$1.79	$1.74	$1.37	$1.36	$0.73	$0.36	$1.13	$1.15	$1.57	$1.35	$1.32	$1.06	$1.08	$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	$1.91	$1.86	$1.58	$1.89	$1.63	$1.58	$1.25	$1.24	$0.66	$0.33	$1.13	$1.14	$1.43	$1.26	$1.24	$0.96	$0.98	$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	$176.56	$205.17	16.20%	Buy
APG	APi Group	$36.00	$41.00	13.89%	Buy
BLD	TopBuild	$351.10	$396.50	12.93%	Buy
FIX	Comfort Systems USA	$476.25	$525.00	10.24%	Buy
MTZ	MasTec	$140.82	$134.67	-4.37%	Buy
MYRG	MYR Group	$145.46	$138.33	-4.90%	Buy
TPC	Tutor Perini	$28.82	$26.50	-8.05%	Buy
ROAD	Construction Partners	$91.31	$79.67	-12.75%	Strong Buy
GVA	Granite Construction	$97.25	$70.00	-28.02%	-
PRIM	Primoris Services	$80.42	$41.50	-48.40%	Buy

MYRG Forecast FAQ

Is MYR Group a good buy?

Yes, according to 8 Wall Street analysts, MYR Group (MYRG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 62.50% of MYRG's total ratings.

What is MYRG's price target?

MYR Group (MYRG) average price target is $138.33 with a range of $119 to $172, implying a -4.90% from its last price of $145.46. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will MYR Group stock go up soon?

According to Wall Street analysts' prediction for MYRG stock, the company can go down by -4.90% (from the last price of $145.46 to the average price target of $138.33), up by 18.25% based on the highest stock price target, and down by -18.19% based on the lowest stock price target.

Can MYR Group stock reach $200?

MYRG's average twelve months analyst stock price target of $138.33 does not support the claim that MYR Group can reach $200 in the near future.

What is MYR Group's current price target trend?

1 Wall Street analyst forecast a $172 price target for MYR Group (MYRG) this month, up 18.25% from its last price of $145.46. Compared to the last 3 and 12 months, the average price target decreased by -2.15% and decreased by -6.16%, respectively.

What are MYR Group's analysts' financial forecasts?

MYR Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.48B (high $3.61B, low $3.35B), average EBITDA is $193.18M (high $200.01M, low $186.04M), average net income is $97.73M (high $102.22M, low $93.03M), average SG&A $265.31M (high $274.69M, low $255.5M), and average EPS is $5.99 (high $6.26, low $5.7). MYRG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.65B (high $3.78B, low $3.52B), average EBITDA is $202.68M (high $209.84M, low $195.19M), average net income is $124.23M (high $129.93M, low $118.26M), average SG&A $278.35M (high $288.19M, low $268.07M), and average EPS is $7.61 (high $7.96, low $7.24).

Did the MYRG's actual financial results beat the analysts' financial forecasts?

Based on MYR Group's last annual report (Dec 2022), the company's revenue was $3.01B, beating the average analysts forecast of $2.77B by 8.50%. Apple's EBITDA was $173.56M, beating the average prediction of $154.47M by 12.35%. The company's net income was $83.38M, beating the average estimation of $78.37M by 6.39%. Apple's SG&A was $222.42M, beating the average forecast of $207M by 7.45%. Lastly, the company's EPS was $4.98, beating the average prediction of $4.47 by 11.51%. In terms of the last quarterly report (Jun 2023), MYR Group's revenue was $888.62M, beating the average analysts' forecast of $781.66M by 13.68%. The company's EBITDA was $32.44M, missing the average prediction of $43.35M by -25.16%. MYR Group's net income was $22.27M, beating the average estimation of $20.89M by 6.60%. The company's SG&A was $57.78M, missing the average forecast of $59.53M by -2.95%. Lastly, the company's EPS was $1.33, beating the average prediction of $1.28 by 3.91%