MYR Group (MYRG) Stock Forecast, Price Target & Predictions
MYRG Stock Forecast
MYR Group stock forecast is as follows: an average price target of $124.67 (represents a -6.43% downside from MYRG’s last price of $133.24) 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 $124.67 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $131.00 to $119.00. This represents a potential -6.43% downside from MYRG's last price of $133.24.
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 |
|---|---|---|---|---|---|---|
| Sep 18, 2024 | Ati Modak | Goldman Sachs | $124.00 | $100.69 | 23.15% | -6.93% |
| Aug 28, 2024 | Andrew Wittmann | Robert W. Baird | $131.00 | $100.01 | 30.99% | -1.68% |
| Aug 05, 2024 | Brian Brophy | Stifel Nicolaus | $119.00 | $96.18 | 23.73% | -10.69% |
| Oct 28, 2022 | Justin Hauke | Robert W. Baird | $95.00 | $80.28 | 18.34% | -28.70% |
The latest MYR Group stock forecast, released on Sep 18, 2024 by Ati Modak from Goldman Sachs, set a price target of $124.00, which represents a 23.15% increase from the stock price at the time of the forecast ($100.69), and a -6.93% decrease from MYRG last price ($133.24).
MYR Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 3 |
| Avg Price Target | - | $124.67 | $124.67 |
| Last Closing Price | $133.24 | $133.24 | $133.24 |
| Upside/Downside | -100.00% | -6.43% | -6.43% |
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 $133.24. 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 |
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 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $448.78M | $468.09M | $345.61M | $300.13M |
| Avg Forecast | $1.01B | $928.96M | $855.51M | $809.73M | $961.71M | $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 | $445.20M | $400.12M | $270.12M | $1.24B |
| High Forecast | $1.03B | $949.77M | $874.68M | $827.87M | $999.80M | $925.82M | $876.50M | $853.06M | $925.03M | $877.48M | $799.17M | $737.37M | $758.06M | $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 | $445.20M | $400.12M | $324.15M | $1.49B |
| Low Forecast | $977.29M | $900.27M | $829.09M | $784.72M | $920.03M | $908.53M | $876.22M | $850.93M | $876.81M | $877.48M | $757.51M | $698.93M | $718.55M | $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 | $445.20M | $400.12M | $216.10M | $994.71M |
| # Analysts | 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 | 5 | 5 | 13 | 17 |
| 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% | 1.01% | 1.17% | 1.28% | 0.24% |
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 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 13 | 17 |
| 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 | $21.48M | $21.65M | $18.05M | $11.10M |
| Avg Forecast | $55.97M | $51.56M | $47.48M | $44.94M | $53.38M | $50.91M | $48.64M | $41.10M | $50.22M | $48.70M | $43.39M | $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 | $24.71M | $18.88M | $13.00M | $17.57M |
| High Forecast | $57.23M | $52.72M | $48.55M | $45.95M | $55.49M | $51.39M | $48.65M | $49.32M | $51.34M | $48.70M | $44.36M | $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 | $24.71M | $22.65M | $15.61M | $21.08M |
| Low Forecast | $54.24M | $49.97M | $46.02M | $43.56M | $51.07M | $50.43M | $48.63M | $32.88M | $48.67M | $48.70M | $42.05M | $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 | $24.71M | $15.10M | $10.40M | $14.06M |
| 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% | 0.87% | 1.15% | 1.39% | 0.63% |
1 analysts predict MYRG's average Quarter EBITDA for Sep 23 to be $48.70M, with a high of $48.70M and a low of $48.70M. This is 50.14% upper than MYR Group's previous annual EBITDA (Jun 23) of $32.44M.
MYR Group Net Income Forecast
| 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 13 | 17 |
| 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 | $7.21M | $7.35M | $5.64M | $1.20M |
| Avg Forecast | $30.28M | $26.28M | $20.62M | $20.13M | $12.99M | $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 | $9.48M | $6.41M | $4.07M | $1.90M |
| High Forecast | $31.16M | $27.05M | $21.22M | $20.72M | $20.91M | $5.81M | $18.43M | $25.79M | $25.16M | $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 | $9.48M | $7.69M | $4.88M | $2.28M |
| Low Forecast | $29.07M | $25.23M | $19.79M | $19.32M | $4.96M | $5.42M | $18.40M | $17.19M | $23.47M | $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 | $9.48M | $5.13M | $3.25M | $1.52M |
| 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% | 0.76% | 1.15% | 1.39% | 0.63% |
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 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 13 | 17 |
| 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 | $33.94M | $32.99M | $28.28M | $25.78M |
| Avg Forecast | $76.80M | $70.75M | $65.15M | $61.67M | $73.24M | $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 | $33.91M | $28.76M | $20.38M | $40.80M |
| High Forecast | $78.52M | $72.33M | $66.61M | $63.05M | $76.14M | $70.51M | $66.75M | $66.77M | $70.45M | $66.83M | $60.86M | $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 | $33.91M | $34.51M | $24.45M | $48.96M |
| Low Forecast | $74.43M | $68.56M | $63.14M | $59.76M | $70.07M | $69.19M | $66.73M | $44.51M | $66.78M | $66.83M | $57.69M | $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 | $33.91M | $23.01M | $16.30M | $32.64M |
| 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% | 1.00% | 1.15% | 1.39% | 0.63% |
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 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 | Jun 19 | Mar 19 | Mar 18 | Mar 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 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 | 5 | 5 | 13 | 17 |
| 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 | $0.43 | $0.45 | $0.35 | $0.07 |
| Avg Forecast | $1.85 | $1.61 | $1.26 | $1.23 | $0.80 | $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 | $0.57 | $0.39 | $0.14 | $0.46 |
| High Forecast | $1.91 | $1.66 | $1.30 | $1.27 | $1.28 | $0.36 | $1.13 | $1.15 | $1.54 | $1.35 | $1.32 | $1.04 | $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 | $0.57 | $0.39 | $0.16 | $0.55 |
| Low Forecast | $1.78 | $1.55 | $1.21 | $1.18 | $0.30 | $0.33 | $1.13 | $1.14 | $1.44 | $1.26 | $1.24 | $0.97 | $0.99 | $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 | $0.57 | $0.39 | $0.11 | $0.37 |
| 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% | 0.76% | 1.14% | 2.50% | 0.15% |
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 | $175.94 | $205.17 | 16.61% | Buy |
| APG | APi Group | $35.25 | $41.00 | 16.31% | Buy |
| BLD | TopBuild | $362.13 | $381.00 | 5.21% | Buy |
| ROAD | Construction Partners | $78.06 | $79.67 | 2.06% | Strong Buy |
| TPC | Tutor Perini | $26.14 | $26.50 | 1.38% | Buy |
| MYRG | MYR Group | $133.24 | $124.67 | -6.43% | Buy |
| MTZ | MasTec | $132.61 | $121.67 | -8.25% | Buy |
| GVA | Granite Construction | $87.82 | $70.00 | -20.29% | - |
| PRIM | Primoris Services | $64.34 | $41.50 | -35.50% | 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 $124.67 with a range of $119 to $131, implying a -6.43% from its last price of $133.24. 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 -6.43% (from the last price of $133.24 to the average price target of $124.67), down by -1.68% based on the highest stock price target, and down by -10.69% based on the lowest stock price target.
Can MYR Group stock reach $200?
MYRG's average twelve months analyst stock price target of $124.67 does not support the claim that MYR Group can reach $200 in the near future.
What are MYR Group's analysts' financial forecasts?
MYR Group's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.61B (high $3.66B, low $3.56B), average EBITDA is $194.03M (high $204.85M, low $183.01M), average net income is $58.55M (high $70.94M, low $45.97M), average SG&A $265.48M (high $280.17M, low $250.5M), and average EPS is $3.41 (high $3.92, low $2.9). MYRG's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.6B (high $3.68B, low $3.49B), average EBITDA is $199.96M (high $204.44M, low $193.79M), average net income is $97.32M (high $100.15M, low $93.41M), average SG&A $274.37M (high $280.52M, low $265.9M), and average EPS is $5.96 (high $6.14, low $5.72).
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 $43.39M by -25.23%. 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%