This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Cantor Fitzgerald Sticks to Their Buy Rating for MYR Group (MYRG)

Tipranks - Tipranks - Tue May 12, 7:40AM CDT

In a report released on May 8, Manish Somaiya from Cantor Fitzgerald reiterated a Buy rating on MYR Group, with a price target of $564.00. The company’s shares closed last Friday at $437.86.

Claim 55% Off TipRanks

According to TipRanks, Somaiya is a 4-star analyst with an average return of 28.3% and a 77.14% success rate. Somaiya covers the Industrials sector, focusing on stocks such as Quanta Services, MYR Group, and MasTec.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MYR Group with a $442.60 average price target, a 1.08% upside from current levels. In a report released on May 4, Stifel Nicolaus also maintained a Buy rating on the stock with a $503.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on MYR Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1 billion and a net profit of $46.8 million. In comparison, last year the company earned a revenue of $833.62 million and had a net profit of $23.31 million

Read More on MYRG:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).