An unfavourable environment weighs on MYR GROUP, which sees a downgrade to Slightly Negative
The independent financial analyst theScreener just requalified the general evaluation of MYR GROUP (US), active in the Heavy Construction industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date January 14, 2022, the closing price was USD 97.53 and its target price was estimated at USD 86.69.MYR Group is a holding company of electrical construction service providers. Through its subsidiaries, the company serves the electric utility infrastructure, commercial and industrial construction markets located throughout the U.S. and Canada. The company manages its operations through two segments: Transmission and Distribution, which provides services on electric transmission and distribution networks and substation facilities; and Commercial and Industrial, which provides services such as the design, installation, maintenance and repair of commercial and industrial wiring, installation of traffic networks and the installation of bridge, roadway and tunnel lighting.
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