MYR Group (MYRG) Given Coverage Optimism Rating of 0.11

Press coverage about MYR Group (NASDAQ:MYRG) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MYR Group earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 46.2357107020021 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of MYR Group (MYRG) opened at $32.31 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a market capitalization of $550.98, a price-to-earnings ratio of 34.74 and a beta of 0.41. MYR Group has a twelve month low of $23.00 and a twelve month high of $43.77.

A number of brokerages recently weighed in on MYRG. B. Riley reaffirmed a “neutral” rating on shares of MYR Group in a report on Wednesday, November 1st. BidaskClub lowered MYR Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. KeyCorp reaffirmed a “hold” rating on shares of MYR Group in a report on Friday, November 24th. Robert W. Baird set a $41.00 price objective on MYR Group and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research raised MYR Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. MYR Group currently has a consensus rating of “Hold” and an average price target of $34.83.

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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.

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