Share on StockTwits

MYR Group (NASDAQ:MYRG) CFO Paul J. Evans acquired 1,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $23.15 per share, for a total transaction of $23,150.00. Following the acquisition, the chief financial officer now directly owns 20,465 shares in the company, valued at approximately $473,765. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on MYRG shares. Analysts at Zacks downgraded shares of MYR Group from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $27.90 price target on the stock. Separately, analysts at FBR Capital Markets downgraded shares of MYR Group from an “outperform” rating to a “market perform” rating in a research note on Friday, August 8th. They now have a $27.00 price target on the stock, down previously from $30.00. Finally, analysts at Robert W. Baird upgraded shares of MYR Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 5th. They now have a $30.00 price target on the stock, up previously from $27.00. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. MYR Group presently has a consensus rating of “Hold” and an average target price of $27.82.

MYR Group (NASDAQ:MYRG) traded up 1.30% on Friday, hitting $23.44. 167,989 shares of the company’s stock traded hands. MYR Group has a 52-week low of $21.72 and a 52-week high of $27.30. The stock has a 50-day moving average of $25.02 and a 200-day moving average of $24.61. The company has a market cap of $500.0 million and a price-to-earnings ratio of 15.54.

MYR Group (NASDAQ:MYRG) last announced its earnings results on Wednesday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.05. The company had revenue of $228.90 million for the quarter, compared to the consensus estimate of $228.90 million. During the same quarter last year, the company posted $0.44 earnings per share. MYR Group’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that MYR Group will post $1.40 EPS for the current fiscal year.

MYR Group Inc (NASDAQ:MYRG) is a holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.