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NASDAQ: MYRG
Myr Group Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MYRG

Based on 2 analysts offering 12 month price targets for Myr Group Inc.
Min Forecast
$99.00-15%
Avg Forecast
$109.50-5.98%
Max Forecast
$120.00+3.03%

Should I buy or sell MYRG stock?

Based on 2 analysts offering ratings for Myr Group Inc.
Strong Buy
Strong Buy
1 analysts 50%
Buy
1 analysts 50%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MYRG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Baird
Top 38%
63
BuyMaintains$120.00+3.03%2023-02-23
KeyBanc
Top 2%
99
Strong BuyUpgrades$99.00-15.00%2022-10-28

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Forecast return on equity

Is MYRG forecast to generate an efficient return?
Company
18.09%
Industry
19.72%
Market
51.6%
MYRG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MYRG forecast to generate an efficient return on assets?
Company
7.24%
Industry
7.16%
MYRG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MYRG earnings per share forecast

What is MYRG's earnings per share in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$5.57+11.85%
Avg 2 year Forecast
$6.08+22.09%
MYRG's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

MYRG revenue forecast

What is MYRG's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$3.0B-1.15%
Avg 2 year Forecast
$3.1B+4.24%
MYRG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

MYRG earnings growth forecast

How is MYRG forecast to perform vs Engineering & Construction companies and vs the US market?
Company
11.85%
Industry
111.95%
Market
78.08%
MYRG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MYRG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MYRG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MYRG revenue growth forecast

How is MYRG forecast to perform vs Engineering & Construction companies and vs the US market?
Company
-1.15%
Industry
3.46%
Market
25.6%
MYRG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MYRG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MYRG vs Engineering & Construction Stocks

TickerPricePrice TargetUp/downsideConsensus
MYRG$116.47$109.50-5.98%Strong Buy
GVA$39.60$36.00-9.09%Strong Sell
AMRC$43.49$68.46+57.40%Strong Buy
NVEE$99.02$130.00+31.29%Hold
ROAD$26.59$30.00+12.82%Strong Buy
View Top Engineering & Construction Stocks

Myr Group Stock Forecast FAQ

Is Myr Group Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NASDAQ: MYRG) stock is to Strong Buy MYRG stock.

Out of 2 analysts, 1 (50%) are recommending MYRG as a Strong Buy, 1 (50%) are recommending MYRG as a Buy, 0 (0%) are recommending MYRG as a Hold, 0 (0%) are recommending MYRG as a Sell, and 0 (0%) are recommending MYRG as a Strong Sell.

If you're new to stock investing, here's how to buy Myr Group stock.

What is MYRG's earnings growth forecast for 2023-2024?

(NASDAQ: MYRG) Myr Group's forecast annual earnings growth rate of 11.85% is not forecast to beat the US Engineering & Construction industry's average forecast earnings growth rate of 111.95%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 78.08%.

Myr Group's earnings in 2023 is $83,381,000.On average, 2 Wall Street analysts forecast MYRG's earnings for 2023 to be $92,825,509, with the lowest MYRG earnings forecast at $92,158,899, and the highest MYRG earnings forecast at $93,325,467.

In 2024, MYRG is forecast to generate $101,324,793 in earnings, with the lowest earnings forecast at $100,991,488 and the highest earnings forecast at $101,491,446.

What is MYRG's revenue growth forecast for 2023-2024?

(NASDAQ: MYRG) Myr Group's forecast annual revenue growth rate of -1.15% is not forecast to beat the US Engineering & Construction industry's average forecast revenue growth rate of 3.46%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.6%.

Myr Group's revenue in 2023 is $3,008,542,000.On average, 2 Wall Street analysts forecast MYRG's revenue for 2023 to be $49,559,989,399, with the lowest MYRG revenue forecast at $47,762,640,892, and the highest MYRG revenue forecast at $51,357,337,905.

In 2024, MYRG is forecast to generate $52,263,928,158 in revenue, with the lowest revenue forecast at $49,812,468,118 and the highest revenue forecast at $54,715,388,198.

What is MYRG's forecast return on assets (ROA) for 2023-2024?

(NASDAQ: MYRG) forecast ROA is 7.24%, which is higher than the forecast US Engineering & Construction industry average of 7.16%.

What is MYRG's Price Target?

According to 2 Wall Street analysts that have issued a 1 year MYRG price target, the average MYRG price target is $109.50, with the highest MYRG stock price forecast at $120.00 and the lowest MYRG stock price forecast at $99.00.

On average, Wall Street analysts predict that Myr Group's share price could fall to $109.50 by Feb 23, 2024. The average Myr Group stock price prediction forecasts a potential downside of 5.98% from the current MYRG share price of $116.47.

What is MYRG's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: MYRG) Myr Group's current Earnings Per Share (EPS) is $4.98. On average, analysts forecast that MYRG's EPS will be $5.57 for 2023, with the lowest EPS forecast at $5.53, and the highest EPS forecast at $5.60. In 2024, MYRG's EPS is forecast to hit $6.08 (min: $6.06, max: $6.09).

What is MYRG's forecast return on equity (ROE) for 2023-2024?

(NASDAQ: MYRG) forecast ROE is 18.09%, which is considered weak.
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