Myers Industries Inc [MYE] stock is trading at $14.23, up 1.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MYE shares have gain 14.39% over the last week, with a monthly amount glided 17.41%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Myers Industries Inc [NYSE: MYE] stock has seen the most recent analyst activity on November 06, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, TD Cowen downgraded its rating to Market Perform on March 02, 2023, and dropped its price target to $23.75. On December 18, 2020, upgrade upgraded it’s rating to Overweight but maintained its price target of $25 on the stock. Cowen upgraded its rating to a Outperform and increased its price target to $22 on August 27, 2019. Robert W. Baird started tracking with a Neutral rating for this stock on July 11, 2018, and assigned it a price target of $21. In a note dated July 11, 2018, JP Morgan initiated an Neutral rating and provided a target price of $22 on this stock.
Myers Industries Inc [MYE] stock has fluctuated between $9.06 and $17.39 over the past year. Currently, Wall Street analysts expect the stock to reach $30 within the next 12 months. Myers Industries Inc [NYSE: MYE] shares were valued at $14.23 at the most recent close of the market. An investor can expect a potential return of 110.82% based on the average MYE price forecast.
Analyzing the MYE fundamentals
Myers Industries Inc [NYSE:MYE] reported sales of 835.93M for the trailing twelve months, which represents a drop of -0.17%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.98 points at the first support level, and at 13.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.43, and for the 2nd resistance point, it is at 14.64.
Ratios To Look Out For
For context, Myers Industries Inc’s Current Ratio is 1.78. As well, the Quick Ratio is 1.14, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 50.84.
Transactions by insiders
Recent insider trading involved Bright Yvette Dapremont, Director, that happened on May 06 ’25 when 500.0 shares were purchased. Director, Kramer Jeffrey completed a deal on May 05 ’25 to buy 1000.0 shares. Meanwhile, President and CEO Schapper Aaron M bought 1972.0 shares on Mar 13 ’25.
