
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group Inc has demonstrated a substantial share price increase of approximately 85% since its upgrade to Overweight on March 13, signaling strong market confidence in its growth potential. The company is well-positioned within its end markets, which are experiencing a multiyear growth uptrend, with increasing opportunities anticipated in large transmission and distribution projects. Additionally, MYR Group has effectively addressed previous project execution challenges, successfully realigning its operations to focus on core growth and margin objectives, further supporting a positive outlook.
Bears say
MYR Group Inc faces several risks that could hinder its growth potential, including an unfavorable regulatory environment, permitting challenges, and weather-related execution issues, which may adversely affect profit margins. The company has revised its margin expectations downward for both its transmission and distribution (T&D) and commercial and industrial (C&I) segments, projecting a decrease in T&D margins from 8.6% to 8.2% and a slight reduction in C&I margins from 5.1% to 5%. Additionally, challenges in the supply chain could disrupt the sequencing of work, further compounding margin pressures and contributing to a negative outlook on the stock.
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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