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


The leading market experts have placed a mean price target of $29.50 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 $1.15 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 $27.13, and stock is trading $2.29 points away or +8.42% from its 50-day moving average of $27.13. Further it is trading $4.49 or +17.99% away its 200-day moving average of $24.93. MYR Group, Inc. (NASDAQ:MYRG) 52-week high is $29.85 and the 52-week low is $17.77.

This explains if the stock moves $-0.43, it will post a 52-week high. In event of +65.56% 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 29.72.

The stock last ended the trading session at $29.42 and registered a market cap of $472.28M. 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 3.67.

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