MYR Group Fair Value Estimate Cut to $433 as Analysts Split on Upside

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Summary · why it matters

MYR Group's fair value estimate has been lowered to US$433 from US$455, reflecting modestly reduced expectations. Revenue growth was revised up to 11.70% from 10.76%, while the net profit margin assumption edged down to 4.83% from 4.87%, the future P/E multiple dropped to 30.90x from 34.74x, and the discount rate moved to 8.68% from 8.81%. On Wall Street, Clear Street raised its price target to US$530, citing higher 2027 and 2028 adjusted EBITDA forecasts tied to two Commercial & Industrial electrical acquisitions, while Baird kept an Outperform rating but cut its target to US$375 from US$450. Oppenheimer initiated coverage at Perform, noting a modest valuation premium and mixed T&D margin outlook, and Kansas City Capital downgraded the stock to Perform on valuation concerns.

Impact on assets 2

Energy Transition & Power Demand▲
MYR Group Inc
MYRG
± MixedCapitalrelevance

Fair value estimate cut and mixed analyst actions (Clear Street raises, Baird cuts, Oppenheimer initiates, Kansas City downgrades) create mixed outlook.

Financials▲

Off-coverage companies 3

Clear Streeti
Private± Mixedrelevance

Kansas City Capital Associatesi
Private± Mixedrelevance

Robert W. Baird & Co. Incorporatedi
Private± Mixedrelevance