MYRG

MYR Group Inc

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Advanced Chart

121.260

-4.370(-3.480%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

122.000

Open

119.900

VWAP

120.77

Vol

61.90K

Mkt Cap

2.03B

Low

117.970

Amount

7.48M

EV/EBITDA(TTM)

18.31

Total Shares

16.77M

2.06B

EV/OCF(TTM)

23.63

P/S(TTM)

0.60

MYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services, which serve the electric utility infrastructure, commercial and industrial construction markets. It operates through two electrical contracting service segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). Its T&D segment provides a range of services on electric transmission and distribution networks, substation facilities, which include design, engineering, procurement, construction, upgrade and maintenance and repair services, with a focus on construction, maintenance and repair. It also provides emergency restoration services in response to, wildfire, ice or other damage. Its C&I segment provides services, such as the design, installation, maintenance and repair of commercial and industrial wiring, the installation of intelligent transportation systems, roadway lighting and signalization in the United States and western Canada.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q2

FY2025Q1

927.81M

+4.48%

1.760

+170.77%

830.22M

+0.16%

1.397

-253.48%

785.93M

-3.63%

1.198

+6.99%

Estimates Revision

The market is revising Upward the revenue expectations for MYR Group Inc. (MYRG) for FY2025, with the revenue forecasts being adjusted by 2.34% over the past three months. During the same period, the stock price has changed by -15.90%.

Revenue Estimates for FY2025

Revise Upward

+2.34%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.72%

In Past 3 Month

Stock Price

Go Down

-15.90%

In Past 3 Month

6 Analyst Rating

17.79% Upside

Wall Street analysts forecast MYRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYRG is 142.83 USD with a low forecast of 124.00 USD and a high forecast of 164.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

5 Buy

1 Hold

0 Sell

Strong Buy

17.79% Upside

Current: 121.260

Low

124.00

Averages

142.83

High

164.00

17.79% Upside

Current: 121.260

Low

124.00

Averages

142.83

High

164.00

Goldman Sachs

Ati Modak

Strong Buy

Maintains

$164 → $145

2025-04-24

Reason

Goldman Sachs

Ati Modak

Price Target

$164 → $145

2025-04-24

Maintains

Strong Buy

Reason

Stifel

Brian Brophy

Strong Buy

Maintains

$157 → $131

2025-04-09

Reason

Stifel

Brian Brophy

Price Target

$157 → $131

2025-04-09

Maintains

Strong Buy

Reason

Stifel analyst Brian Brophy lowered the firm's price target on MYR Group to $131 from $157 and keeps a Buy rating on the shares. Following the firm's Q1 Transmission and Distribution Engineering and Construction survey, the firm says respondent commentary highlighted a slightly softer Q1, relative strength from data centers, concerns over material pricing due to tariffs, and "particularly healthy backlogs." The firm believes tariffs have also created incremental risk for the clean energy outlook and related T&D work, but stockpiling of materials among large developers likely supports activity this year, the analyst added in a note on the group in which the firm trimmed several price targets.

Piper Sandler

Kashy Harrison

Hold

Initiates

$124

2025-04-08

Reason

Piper Sandler

Kashy Harrison

Price Target

$124

2025-04-08

Initiates

Hold

Reason

Piper Sandler initiated coverage of MYR Group with a Neutral rating and $124 price target.

Keybanc

Sangita Jain

Hold

Buy

Upgrades

$136

2025-03-14

Reason

Keybanc

Sangita Jain

Price Target

$136

2025-03-14

Upgrades

Hold

Buy

Reason

Meeting to be held in Boston on March 13 hosted by KeyBanc.

Baird

Justin Hauke

Buy

Maintains

$201 → $159

2025-02-27

Reason

Baird

Justin Hauke

Price Target

$201 → $159

2025-02-27

Maintains

Buy

Reason

Stifel

Brian Brophy

Strong Buy

Maintains

$153 → $172

2024-12-11

Reason

Stifel

Brian Brophy

Price Target

$153 → $172

2024-12-11

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for MYR Group Inc (MYRG.O) is 20.31, compared to its 5-year average forward P/E of 25.10. For a more detailed relative valuation and DCF analysis to assess MYR Group Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

25.10

Current PE

20.31

Overvalued PE

45.82

Undervalued PE

4.38

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

10.60

Current EV/EBITDA

9.68

Overvalued EV/EBITDA

14.99

Undervalued EV/EBITDA

6.20

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

0.55

Current PS

0.58

Overvalued PS

0.68

Undervalued PS

0.41