Where MYR Group Stands With Analysts
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for MYR Group (NASDAQ:MYRG) show a positive trend, with 3 bullish and 1 indifferent rating in the last three months. The average 12-month price target has increased to $170.5, up 7.23% from $159. Analyst actions include ratings and price target adjustments by Stifel and Sidoti & Co., with Goldman Sachs also providing a buy rating. MYR Group's financial performance indicates strong revenue growth and ROE, but challenges in net margin and profitability.
March 01, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
MYR Group has received positive analyst ratings, with an increased average price target suggesting confidence in its financial performance and growth prospects.
The increase in MYR Group's average price target and the predominance of bullish ratings reflect analysts' confidence in the company's growth trajectory and financial health. This positive sentiment, especially the adjustments in price targets by reputable firms, is likely to influence investor perception and could lead to short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100