.jpg "MYR Group (NASDAQ: MYRG)")
Robert W. Baird analyst Andrew Wittmann reiterated a Buy rating on MYR Group (NASDAQ: MYRG) yesterday and set a price target of $39. The company’s shares opened today at $34.51.
According to TipRanks.com, Wittmann is a 4-star analyst with an average return of 7.0% and a 66.2% success rate. Wittmann covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and Quanta Services.
MYR Group has an analyst consensus of Moderate Buy, with a price target consensus of $40.
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MYR Group’s market cap is currently $606.7M and has a P/E ratio of 23.89. The company has a Price to Book ratio of 2.07.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, William Koertner, a Director at MYRG sold 10,832 shares for a total of $419,025.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MYR Group, Inc. is a holding company, which engages in the provision of electrical construction services. It operates through the Transmission and Distribution; and Commercial and Industrial segments.
