MYRG

MYR Group Inc

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Advanced Chart

200.300

+4.96(2.539%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

205.350

Open

198.280

VWAP

199.86

Vol

152.36K

Mkt Cap

3.11B

Low

197.0069

Amount

30.45M

EV/EBITDA(TTM)

25.88

Total Shares

16.77M

3.19B

EV/OCF(TTM)

19.59

P/S(TTM)

0.97

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, ice storms 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

FY2025Q4

FY2025Q3

FY2025Q2

891.03M

+7.38%

1.695

+71.21%

922.26M

+3.85%

1.800

+176.92%

829.76M

+0.1%

1.468

-261.35%

Estimates Revision

The market is revising Upward the revenue expectations for MYR Group Inc. (MYRG) for FY2025, with the revenue forecasts being adjusted by 0.56% over the past three months. During the same period, the stock price has changed by 62.91%.

Revenue Estimates for FY2025

Revise Upward

+0.56%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+5.53%

In Past 3 Month

Stock Price

Go Up

+62.91%

In Past 3 Month

5 Analyst Rating

-7.14% Downside

Wall Street analysts forecast MYRG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYRG is 186.00 USD with a low forecast of 153.00 USD and a high forecast of 205.00 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.

3 Buy

2 Hold

0 Sell

Moderate Buy

-7.14% Downside

Current: 200.300

Low

153.00

Averages

186.00

High

205.00

-7.14% Downside

Current: 200.300

Low

153.00

Averages

186.00

High

205.00

KeyBanc

Sangita Jain

Overweight

maintain

$172 -> $205

2025-07-16

Reason

KeyBanc

Sangita Jain

Price Target

$172 -> $205

2025-07-16

maintain

Overweight

Reason

KeyBanc analyst Sangita Jain raised the firm's price target on MYR Group to $205 from $172 and keeps an Overweight rating on the shares. The firm notes the shares have responded positively to the company recovering from its execution challenges into a year of positive high single digit core growth in both segments with margins within the long-term guided ranges and potential room to run higher.

Stifel

Buy

maintain

$174 -> $204

2025-07-11

Reason

Stifel

Price Target

$174 -> $204

2025-07-11

maintain

Buy

Reason

Stifel raised the firm's price target on MYR Group to $204 from $174 and keeps a Buy rating on the shares.

Goldman Sachs

Buy -> Neutral

downgrade

$145 -> $168

2025-06-05

Reason

Goldman Sachs

Price Target

$145 -> $168

2025-06-05

downgrade

Buy -> Neutral

Reason

Goldman Sachs downgraded MYR Group to Neutral from Buy with a higher price target of $168, up from $145, as part of a broader research note on Americas Energy Services. The firm continues to believe that both MYR and MasTec will benefit from strong utility spending but also warns that at the current price the stock is reflecting a high single digit revenue growth CAGR through 2030, which is in-line with its broader expectations of utility spending, the analyst tells investors in a research note. Goldman adds that it prefers to await incremental visibility around further estimate revision drivers.

Piper Sandler

Neutral

maintain

$138 -> $153

2025-05-27

Reason

Piper Sandler

Price Target

$138 -> $153

2025-05-27

maintain

Neutral

Reason

Piper Sandler raised the firm's price target on MYR Group to $153 from $138 and keeps a Neutral rating on the shares. The firm says that based on utility capital programs, the transmission capex growth rate could expand from 6% to 15% with upside materializing from recent grid operator recommendations. Piper's infrastructure services coverage should broadly benefit.

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

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.

See All Ratings

Valuation Metrics

The current forward P/E ratio for MYR Group Inc (MYRG.O) is 28.61, compared to its 5-year average forward P/E of 25.70. 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

25.70

Current PE

28.61

Overvalued PE

46.27

Undervalued PE

5.14

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

10.88

Current EV/EBITDA

13.68

Overvalued EV/EBITDA

15.17

Undervalued EV/EBITDA

6.60

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.

Strongly Overvalued

5Y Average PS

0.57

Current PS

0.85

Overvalued PS

0.69

Undervalued PS

0.45