Here’s how analysts see MYR Group Inc. (NASDAQ:MYRG) after this past week.

April 17, 2018 - By Peter Erickson

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.
Schwab Charles holds 0% or 160,528 shares. Envestnet Asset Mngmt owns 152 shares for 0% of their portfolio. 45,011 are held by Goldman Sachs Gp. Jacobs Levy Equity Incorporated owns 112,995 shares or 0.07% of their US portfolio. Manufacturers Life Ins Communication The has invested 0% in MYR Group Inc. (NASDAQ:MYRG). Amundi Pioneer Asset accumulated 32,754 shares or 0% of the stock. Arrowstreet Partnership has invested 0% in MYR Group Inc. (NASDAQ:MYRG). Swiss Bank reported 0% in MYR Group Inc. (NASDAQ:MYRG). Geode Capital Limited has 151,002 shares. D E Shaw & accumulated 0% or 91,444 shares. Bnp Paribas Arbitrage owns 7,015 shares for 0% of their portfolio. Prudential Finance owns 27,531 shares or 0% of their US portfolio. Invesco Limited owns 155,093 shares. Comerica Commercial Bank, a Michigan-based fund reported 16,897 shares. Victory Mngmt owns 0.06% invested in MYR Group Inc. (NASDAQ:MYRG) for 840,577 shares.

Since March 16, 2018, it had 0 buys, and 2 selling transactions 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 Stifel Nicolaus on Wednesday, March 28 with “Hold”. Canaccord Genuity maintained MYR Group Inc. (NASDAQ:MYRG) on Thursday, March 8 with “Buy” rating. Stifel Nicolaus maintained MYR Group Inc. (NASDAQ:MYRG) rating on Sunday, December 10. Stifel Nicolaus has “Hold” rating and $38.0 target. The company was maintained on Friday, November 3 by Robert W. Baird. The firm has “Hold” rating given on Friday, March 9 by FBR Capital. The company was maintained on Wednesday, December 6 by Robert W. Baird. Robert W. Baird maintained the stock with “Buy” rating in Monday, April 9 report. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, January 3. Oppenheimer downgraded MYR Group Inc. (NASDAQ:MYRG) rating on Monday, March 12. Oppenheimer has “Hold” rating and $37.0 target. The firm earned “Outperform” rating on Thursday, March 8 by Robert W. Baird. 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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