1.69 (0.99%) 1d
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

MYR Group (MYRG-Q) is a holding company of 13 contractors focused on electrical construction, with services including electrical wiring installation in commercial buildings and rail systems in the US and Canada. The company has experienced significant share growth over the last 3 years, driven by strong earnings despite a dip last year. Experts anticipate the company to benefit from the federal infrastructure bill and the increasing demand for solar panels, renewable infrastructure, and data centers. With positive earnings expectations and a relatively low P/E ratio for 2024, experts see potential for further growth in the stock.

MYR Group

A holding company consisting of 13 contractors who are focused on electrical construction. Services include installing electrical wiring in commercial buildings and rail systems in the US and Canada. Over the last 3 years, shares have soared 341% due to super earnings growth despite a dip last year. A tailwind in the federal infrastructure bill; they have a good chance winning such contracts. The increase in solar panels, renewable infrastructure and data centers is a benefit, because those industries need miles of wiring. They beat last February and May with large upside surprises. More room to run. The street expects $5.78 EPS this year and $6.87 in 2024. It trades at only 21x PE 2024, which looks good. He wishes he had heard of them sooner.

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MYR Group(MYRG-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for MYR Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

MYR Group(MYRG-Q) Frequently Asked Questions

What is MYR Group stock symbol?

MYR Group is a American stock, trading under the symbol MYRG-Q on the NASDAQ (MYRG). It is usually referred to as NASDAQ:MYRG or MYRG-Q

Is MYR Group a buy or a sell?

In the last year, 1 stock analyst published opinions about MYRG-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for MYR Group.

Is MYR Group a good investment or a top pick?

MYR Group was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for MYR Group.

Why is MYR Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is MYR Group worth watching?

In the last year 1 stock analyst on Stockchase covered MYR Group. The stock is worth watching.

What is MYR Group stock price?

On 2024-04-12, MYR Group (MYRG-Q) stock closed at a price of $169.48.