Shares of MYR Group Inc (NASDAQ:MYRG) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $34.83.
Several equities research analysts recently weighed in on the company. BidaskClub downgraded MYR Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research raised MYR Group from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, January 3rd. Robert W. Baird set a $41.00 price objective on MYR Group and gave the company a “buy” rating in a report on Wednesday, January 3rd. B. Riley reissued a “neutral” rating on shares of MYR Group in a report on Wednesday, November 1st. Finally, ValuEngine downgraded MYR Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.
MYR Group (NASDAQ MYRG) traded down $0.16 during midday trading on Wednesday, hitting $33.54. The company had a trading volume of 34,429 shares, compared to its average volume of 89,932. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.84 and a current ratio of 1.84. MYR Group has a 12 month low of $23.00 and a 12 month high of $43.77. The firm has a market cap of $554.77, a P/E ratio of 36.06 and a beta of 0.41.
TRADEMARK VIOLATION NOTICE: “Brokerages Set MYR Group Inc (MYRG) Price Target at $34.83” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://www.com-unik.info/2018/02/24/brokerages-set-myr-group-inc-myrg-price-target-at-34-83.html.
About MYR Group
MYR Group Inc is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). The Company provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States and western Canada.
Receive News & Ratings for MYR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MYR Group and related companies with MarketBeat.com's FREE daily email newsletter.