Are Analysts Bullish about MYR Group Inc. (NASDAQ:MYRG) after last week?

April 17, 2018 - By Christine McCrea

MYR Group Inc. (NASDAQ:MYRG) LogoInvestors sentiment decreased to 0.81 in 2017 Q4. Its down 0.42, from 1.23 in 2017Q3. It worsened, 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.
Citigroup Inc owns 6,137 shares. Comerica State Bank holds 0% or 16,897 shares. The New Jersey-based Jacobs Levy Equity Mngmt Inc has invested 0.07% in MYR Group Inc. (NASDAQ:MYRG). Loomis Sayles Company L P holds 0.01% or 177,682 shares in its portfolio. Prudential Financial accumulated 0% or 27,531 shares. Texas Permanent School Fund owns 11,128 shares. Raymond James & Assoc accumulated 6,592 shares. Goldman Sachs invested in 45,011 shares or 0% of the stock. 8,296 were accumulated by Voya Investment Management Ltd Llc. Public Employees Retirement Systems Of Ohio reported 2,855 shares. Bnp Paribas Arbitrage holds 7,015 shares or 0% of its portfolio. Envestnet Asset invested 0% in MYR Group Inc. (NASDAQ:MYRG). Pinebridge Invests Limited Partnership owns 14,733 shares or 0.01% of their US portfolio. Phocas Finance owns 204,479 shares. The California-based Wells Fargo & Mn has invested 0% in MYR Group Inc. (NASDAQ:MYRG).

Since March 16, 2018, it had 0 buys, and 2 insider sales 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 FBR Capital on Friday, March 9 with “Hold”. On Monday, March 12 the stock rating was downgraded by Oppenheimer to “Hold”. The stock of MYR Group Inc. (NASDAQ:MYRG) earned “Hold” rating by Stifel Nicolaus on Wednesday, March 28. As per Friday, November 3, the company rating was maintained by Robert W. Baird. Canaccord Genuity maintained the shares of MYRG in report on Thursday, March 8 with “Buy” rating. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, October 18. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, December 10 report. Robert W. Baird maintained MYR Group Inc. (NASDAQ:MYRG) on Monday, April 9 with “Buy” rating. Robert W. Baird maintained MYR Group Inc. (NASDAQ:MYRG) rating on Wednesday, January 3. Robert W. Baird has “Buy” rating and $41.0 target. Robert W. Baird maintained it with “Outperform” rating and $40 target in Thursday, March 8 report. 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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