MYR Group Inc (NASDAQ: MYRG) stock enjoyed a major increase of 13.6% on 10/31/24. The shares closed at $131.00. Moreover, exceptionally high trading volume at 374% of normal accompanied the advance. The stock has risen 12.3% during the last week but has been extremely weak relative to the market over the last nine months.
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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. MYR Group has a slightly negative Appreciation Score of 35 and a poor Power Rating of 22, triggering the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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