How Analysts Feel About MYR Group Inc. (NASDAQ:MYRG)?

April 17, 2018 - By Henry Gaston

MYR Group Inc. (NASDAQ:MYRG) LogoInvestors sentiment decreased to 0.81 in Q4 2017. Its down 0.42, from 1.23 in 2017Q3. It dived, as 17 investors sold MYR Group Inc. shares while 50 reduced holdings. 18 funds opened positions while 36 raised stakes. 14.13 million shares or 3.76% more from 13.62 million shares in 2017Q3 were reported.
Panagora Asset accumulated 20,231 shares. Texas Permanent School Fund holds 11,128 shares or 0% of its portfolio. Citadel Advsrs Ltd stated it has 31,096 shares. Rhumbline Advisers reported 38,238 shares or 0% of all its holdings. 50,652 are held by Rice Hall James &. Savings Bank Of Mellon holds 0% of its portfolio in MYR Group Inc. (NASDAQ:MYRG) for 188,230 shares. Third Avenue Management Limited Com holds 0.42% or 246,824 shares in its portfolio. Mason Street Advisors Ltd Liability Corporation owns 4,282 shares. 7 are owned by Assetmark Inc. Invest Counselors Of Maryland Llc accumulated 1.17% or 660,213 shares. Bnp Paribas Arbitrage Sa reported 7,015 shares or 0% of all its holdings. Pub Employees Retirement Systems Of Ohio reported 2,855 shares stake. Price T Rowe Assocs Md accumulated 0% or 19,941 shares. Florida-based Raymond James And Assoc has invested 0% in MYR Group Inc. (NASDAQ:MYRG). Schwab Charles Investment, a California-based fund reported 160,528 shares.

Since March 16, 2018, it had 0 insider purchases, and 2 selling transactions for $748,904 activity.

MYR Group Inc. (NASDAQ:MYRG) Ratings Coverage

Among 5 analysts covering MYR Group (NASDAQ:MYRG), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. MYR Group had 13 analyst reports since October 18, 2017 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Outperform” on Thursday, March 8. FBR Capital maintained the shares of MYRG in report on Friday, March 9 with “Hold” rating. The firm has “Hold” rating given on Sunday, December 10 by Stifel Nicolaus. As per Thursday, March 8, the company rating was maintained by Canaccord Genuity. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, December 6. On Monday, March 12 the stock rating was downgraded by Oppenheimer to “Hold”. The company was maintained on Friday, November 3 by Robert W. Baird. The stock of MYR Group Inc. (NASDAQ:MYRG) has “Hold” rating given on Wednesday, March 28 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, January 3 by Robert W. Baird. Robert W. Baird maintained the shares of MYRG in report on Monday, April 9 with “Buy” rating. Below is a list of MYR Group Inc. (NASDAQ:MYRG) latest ratings and price target changes.

09/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $39.0000 Maintain
28/03/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $35.0000 Maintain
12/03/2018 Broker: Oppenheimer Rating: Hold New Target: $37.0 Downgrade
09/03/2018 Broker: FBR Capital Rating: Hold Maintain
08/03/2018 Broker: Canaccord Genuity Rating: Buy New Target: $42.0 Maintain
08/03/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $41 New Target: $40 Maintain
03/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $41.0 Maintain
10/12/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $38.0 Maintain
06/12/2017 Broker: Robert W. Baird Rating: Buy New Target: $38.0 Maintain
16/11/2017 Broker: FBR Capital Rating: Hold New Target: $35.0

The stock increased 0.48% or $0.15 during the last trading session, reaching $31.25. About 20,577 shares traded. MYR Group Inc. (NASDAQ:MYRG) has declined 22.82% since April 17, 2017 and is downtrending. It has underperformed by 34.37% the S&P500.

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company has market cap of $514.61 million. It operates through two divisions, Transmission and Distribution, and Commercial and Industrial. It has a 24.41 P/E ratio. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to clients in the electric utility and the renewable energy industries.

MYR Group Inc. (NASDAQ:MYRG) Institutional Positions Chart

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