MYR Group Inc (NASDAQ: MYRG) stock closed at $109.00 on 8/1/24 after a major decline of -22.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 771% of normal. The stock has declined -22.8% during the last week but has been strong 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. MYR Group has a slightly negative Appreciation Score of 40 but a good Power Rating of 78, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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