The Analyst Landscape: 4 Takes On MYR Group
Ratings for MYR Group (NASDAQ:MYRG) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 1 | 1 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts have recently evaluated MYR Group and provided 12-month price targets. The average target is $178.5, accompanied by a high estimate of $185.00 and a low estimate of $165.00. Observing a 1.56% increase, the current average has risen from the previous average price target of $175.75.
Interpreting Analyst Ratings: A Closer Look
The perception of MYR Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Justin Hauke | Baird | Lowers | Outperform | $180.00 | $185.00 |
| Stanley Elliott | Stifel | Lowers | Buy | $184.00 | $185.00 |
| Stanley Elliott | Stifel | Raises | Buy | $185.00 | $168.00 |
| Brian Russo | Sidoti & Co. | Maintains | Neutral | $165.00 | $165.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to MYR Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MYR Group compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of MYR Group's stock. This examination reveals shifts in analysts' expectations over time.
For valuable insights into MYR Group's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on MYR Group analyst ratings.
Discovering MYR Group: A Closer Look
MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.
A Deep Dive into MYR Group's Financials
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining MYR Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.23% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: MYR Group's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 2.39%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): MYR Group's ROE excels beyond industry benchmarks, reaching 3.77%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): MYR Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.53%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: MYR Group's debt-to-equity ratio is below the industry average. With a ratio of 0.11, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.