$130.09
0.69% day before yesterday
Nasdaq, Nov 01, 09:00 pm CET
ISIN
US55405W1045
Symbol
MYRG

MYR Group Inc. Target price 2024 - Analyst rating & recommendation

MYR Group Inc. Classifications & Recommendation:

Buy
60%
Hold
40%

MYR Group Inc. Price Target

Target Price $131.00
Price $130.09
Potential
Number of Estimates 3
3 Analysts have issued a price target MYR Group Inc. 2025 . The average MYR Group Inc. target price is $131.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 5 analysts: 3 Analysts recommend MYR Group Inc. to buy, 2 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the MYR Group Inc. stock has an average upside potential 2025 of . Most analysts recommend the MYR Group Inc. stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 3.64 3.51
21.12% 3.69%
EBITDA Margin 5.05% 2.95%
11.25% 41.58%
Net Margin 2.39% 0.60%
9.20% 74.88%

5 Analysts have issued a sales forecast MYR Group Inc. 2024 . The average MYR Group Inc. sales estimate is

$3.5b
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. This is
0.78% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$3.6b 0.62%
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, the lowest is
$3.4b 3.19%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $3.6b 21.12%
2024
$3.5b 3.69%
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2025
$3.6b 2.92%
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2026
$3.9b 7.34%
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5 Analysts have issued an MYR Group Inc. EBITDA forecast 2024. The average MYR Group Inc. EBITDA estimate is

$104m
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. This is
13.62% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$115m 3.72%
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, the lowest is
$85.1m 29.02%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $184m 7.49%
2024
$104m 43.74%
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2025
$206m 98.64%
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2026
$227m 10.45%
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EBITDA Margin

2023 5.05% 11.25%
2024
2.95% 41.58%
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2025
5.69% 92.88%
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2026
5.86% 2.99%
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2 MYR Group Inc. Analysts have issued a net profit forecast 2024. The average MYR Group Inc. net profit estimate is

$21.0m
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. This is
43.00% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$27.9m 24.45%
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, the lowest is
$14.2m 61.56%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $87.0m 9.98%
2024
$21.0m 75.83%
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2025
$97.9m 365.45%
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Net Margin

2023 2.39% 9.20%
2024
0.60% 74.88%
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2025
2.71% 351.67%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 5.40 1.31
9.98% 75.74%
P/E 99.69
EV/Sales 0.63

2 Analysts have issued a MYR Group Inc. forecast for earnings per share. The average MYR Group Inc. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.31
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. This is
42.79% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.73 24.45%
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, the lowest is
$0.88 61.57%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $5.40 9.98%
2024
$1.31 75.74%
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2025
$6.08 364.12%
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P/E ratio

Current 56.73 176.06%
2024
99.69 75.73%
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2025
21.41 78.52%
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Based on analysts' sales estimates for 2024, the MYR Group Inc. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 0.63 14.55%
2024
0.63 0.73%
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2025
0.62 2.84%
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2026
0.57 6.83%
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P/S ratio

Current 0.59 11.17%
2024
0.60 0.78%
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2025
0.58 2.83%
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2026
0.54 6.84%
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