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Cantor Fitzgerald Reaffirms Their Buy Rating on MYR Group (MYRG)

Tipranks - Tipranks - Sat May 30, 8:28AM CDT

In a report released yesterday, Manish Somaiya from Cantor Fitzgerald maintained a Buy rating on MYR Group, with a price target of $564.00. The company’s shares closed yesterday at $478.93.

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Somaiya covers the Industrials sector, focusing on stocks such as Custom Truck One Source, MYR Group, and MasTec. According to TipRanks, Somaiya has an average return of 26.7% and a 69.05% success rate on recommended stocks.

MYR Group has an analyst consensus of Moderate Buy, with a price target consensus of $462.60.

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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

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