MYR Group Rating Increased to Buy at BB&T (MYRG)

By admin | 6 years ago

MYR Group (NASDAQ: MYRG) was upgraded by research analysts at BB&T (NYSE: BBT) from a “hold” rating to a “buy” rating in a report released on Friday.

Shares of MYR Group traded up 0.25% during mid-day trading on Friday, hitting $15.90. MYR Group has a 52 week low of $15.54 and a 52 week high of $26.54. The company has a market cap of $326.0 million and a P/E ratio of 16.69.

MYR Group last announced its earnings results on Wednesday, May 9th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.07. The company’s quarterly revenue was up 59.8% on a year-over-year basis. On average, analysts predict that MYR Group will post $0.41 earnings per share next quarter.

MYR Group Inc. is a specialty contractor serving the electrical infrastructure market in the United States.

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