
MYR Group (MYRG) Stock Forecast & Price Target
MYR Group (MYRG) Analyst Ratings
Bulls say
MYR Group Inc has experienced notable stock appreciation, with shares rising approximately 85% since the upgrade to Overweight on March 13. The company is positioned for multiyear growth in its end markets, particularly due to a projected increase in large transmission and distribution (T&D) opportunities. Furthermore, MYR Group has successfully addressed previous project execution challenges and has realigned its business strategy to focus on core growth and margin objectives, enhancing its operational efficiency and financial outlook.
Bears say
MYR Group Inc. is facing several fundamental challenges that contribute to a negative outlook for its stock, primarily linked to regulatory and operational risks. Specific concerns include an unfavorable regulatory environment that may slow growth, coupled with weather and execution issues that could adversely affect profit margins in both its transmission and distribution (T&D) and commercial and industrial (C&I) segments. Furthermore, the company has reduced its margin expectations for 2025, with T&D margins expected to decline from 8.6% to 8.2% and C&I margins adjusted down to 5%, indicating ongoing challenges in achieving profitability and operational efficiency.
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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