Analyst Revises MYR Group, Inc. (NASDAQ:MYRG) Stock Target


MYR Group, Inc. (NASDAQ:MYRG) mean price target is revealed at $29.50 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $0.37 in the coming quarter and $1.15 for the ongoing fiscal. The market cap of MYR Group, Inc. was $450.61M after the equity closed at $27.65 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. MYR Group, Inc. (NASDAQ:MYRG) has a P/E ratio of 28.35. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

MYR Group, Inc. (NASDAQ:MYRG) PEG ratio sits at 3.66. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of MYR Group, Inc. visibly elucidates that the 50-day MA of MYR Group, Inc. is $27.93, and stock is trading $0.14 points away or +0.49% from 50-day moving average of $27.93. It is trading $2.70 or +10.65% away 200-day moving average of $25.37. MYR Group, Inc. (NASDAQ:MYRG) 52-week high is $29.85 and the 52-week low is $17.77. This represents that if the equity moves $-1.78 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +57.96%, then the share price can log a new 52-week low.

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