Keybanc has downgraded MYR Group Inc (MYRG) to a Sector Weight rating from Overweight, a decision made on September 30, 2025. The current share price stands at $206.98. This downgrade suggests increased caution regarding the company's outlook, possibly due to competitive pressures, market conditions, or execution risks that may affect performance.
MYR Group, headquartered in Thornton, Colorado, provides electrical construction services across the United States and western Canada. The company operates through two segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). MYR Group employs approximately 8,500 people and has a market capitalization of $3.6 billion. The company's P/E ratio is 37.03, with an EPS of 6.19.
Upcoming earnings reports are anticipated, with estimates for July 28, 2026, projecting an EPS of $2.25 and revenue of $999.1 million. Analyst consensus remains positive, with a current breakdown of 5 Strong Buy, 3 Buy, and 4 Hold ratings, reflecting a broader belief in the company's potential despite the recent downgrade.
Analyst ratings are based on research and financial models, serving as one of many inputs for investment decisions. As market conditions evolve, so too may analysts' opinions on MYR Group Inc.