MYR Group (NASDAQ:MYRG) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.
Other equities research analysts also recently issued research reports about the stock. TheStreet upgraded shares of MYR Group from a “c+” rating to a “b-” rating in a research note on Thursday, November 16th. Robert W. Baird set a $41.00 price target on shares of MYR Group and gave the stock a “buy” rating in a report on Wednesday, January 3rd. BidaskClub cut shares of MYR Group from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. KeyCorp reissued a “hold” rating on shares of MYR Group in a report on Friday, November 24th. Finally, Zacks Investment Research raised shares of MYR Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. MYR Group presently has a consensus rating of “Hold” and an average target price of $34.83.
Shares of MYR Group (NASDAQ MYRG) traded down $0.85 on Friday, hitting $33.47. 103,064 shares of the stock traded hands, compared to its average volume of 76,152. MYR Group has a twelve month low of $23.00 and a twelve month high of $43.77. The firm has a market capitalization of $550.98, a P/E ratio of 35.99 and a beta of 0.41. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.30.
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About MYR Group
MYR Group Inc is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). The Company provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States and western Canada.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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