.jpg "MYR Group (NASDAQ: MYRG)")
In a report released today, Alex Rygiel from B.Riley FBR maintained a Hold rating on MYR Group (NASDAQ: MYRG), with a price target of $39. The company’s shares closed yesterday at $36.17.
According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 13.8% and a 64.6% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Tutor Perini Corp, Quanta Services, and MasTec.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MYR Group with a $40.25 average price target, an 11.3% upside from current levels. In a report issued on August 3, Robert W. Baird also downgraded the stock to Hold with a $39 price target.
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MYR Group’s market cap is currently $599.2M and has a P/E ratio of 19.24. The company has a Price to Book ratio of 1.98.
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.
