Recent extremely meaningful negative changes in fundamentals have impacted MYR Group Inc (NASDAQ: MYRG): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MYRG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
MYR Group has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MYR Group has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 34, and the Negative Value Trend Rating results.
Recent Price Action
On 9/3/24, MYR Group Inc (NASDAQ: MYRG) stock suffered a large decline of -6.6%, closing at $94.19. However, trading volume in this decline was below average at 80% of normal. Relative to the market the stock has been weak over the last nine months and has declined -8.4% during the last week.
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