Stock To Watch: MYR Group, Inc. (NASDAQ:MYRG)


The leading market experts have placed a mean price target of $27.17 on MYR Group, Inc. (NASDAQ:MYRG) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.37 a share for the upcoming quarter and $1.14 for the current fiscal. Technical View The technical analysis of MYR Group, Inc. plainly substantiates that the 50-day moving average of MYR Group, Inc. is $24.42, and stock is hovering 0.23 or +0.95% distant from $24.42. It is noted that the 200-day MA is $23.22, and MYR Group, Inc. stock is $1.43 or +6.15% off from this point. MYR Group, Inc. (NASDAQ:MYRG) 52-week high is $30.41 and the 52-week low is $17.77. This explains if the stock moves $-5.76, it will post a 52-week high. In event of $+38.72% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of MYR Group, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, MYR Group, Inc. (NASDAQ:MYRG) ratio came in at 23.02. The stock last ended the trading session at $24.65 and registered a market cap of $449.27M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. MYR Group, Inc. (NASDAQ:MYRG) PEG ratio is at -145.93.

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