
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group Inc. has experienced significant stock performance, with shares rising approximately 85% since an upgrade to Overweight on March 13, indicating strong market confidence. The company benefits from a multiyear growth trend in its end markets, particularly with anticipated large transmission and distribution (T&D) opportunities on the horizon. Moreover, MYR Group has effectively addressed previous project execution challenges, realigning its operations to focus on core growth and margin objectives, which bodes well for future financial stability and performance.
Bears say
MYR Group Inc faces significant risks that could adversely affect its financial performance, including an unfavorable regulatory environment, permitting challenges, and weather-related execution issues, which may hinder growth and compress margins. The company has lowered its transmission and distribution (T&D) margin assumption for the second half of the year, projecting an exit margin for 2025 at the midpoint of 7-10.5%, a reduction from prior estimates. Additionally, the outlook for the commercial and industrial (C&I) segment has also been trimmed, with expected margins adjusted from 5.1% to a midpoint of 5% within a 4-6% range, further underscoring the downward revisions in the company’s financial expectations.
This aggregate rating is based on analysts' research of MYR Group and is not a guaranteed prediction by Public.com or investment advice.
MYR Group (MYRG) Analyst Forecast & Price Prediction
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