Myers Industries Inc's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 3/23 in the Containers & Packaging industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 21.00.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Myers Industries Inc's Score
Industry at a Glance
Industry Ranking
3 / 23
Overall Ranking
60 / 4587
Industry
Containers & Packaging
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
1
analysts
Buy
Current Rating
21.000
Target Price
+12.12%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Myers Industries Inc Highlights
StrengthsRisks
Myers Industries, Inc. is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also a distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Its Material Handling segment manufactures a selection of durable plastic reusable containers that are used repeatedly. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, custom plastic products, consumer fuel containers, and tanks for water, fuel and waste handling. Its Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire servicing, wheel, and automotive under-vehicle service on passenger, heavy truck, and off-road vehicles and the manufacturing of tire repair materials and custom rubber. It also manufactures composite matting ground protection for industrial applications.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 279.77%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 279.77%.
Overvalued
The company’s latest PB is 2.52, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 33.92M shares, decreasing 12.36% quarter-over-quarter.
Myers Industries, Inc. is a manufacturer of sustainable plastic and metal products for industrial, agricultural, automotive, commercial, and consumer markets. The Company is also a distributor of tools, equipment and supplies for the tire, wheel, and under-vehicle service industry in the United States. Its Material Handling segment manufactures a selection of durable plastic reusable containers that are used repeatedly. Its products include pallets, small parts bins, bulk shipping containers, storage and organization products, custom plastic products, consumer fuel containers, and tanks for water, fuel and waste handling. Its Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire servicing, wheel, and automotive under-vehicle service on passenger, heavy truck, and off-road vehicles and the manufacturing of tire repair materials and custom rubber. It also manufactures composite matting ground protection for industrial applications.
Ticker SymbolMYE
CompanyMyers Industries Inc
CEOSchapper (Aaron M)
Websitehttps://www.myersindustries.com/
FAQs
What is the current price of Myers Industries Inc (MYE)?
The current price of Myers Industries Inc (MYE) is 19.305.
What is the symbol of Myers Industries Inc?
The ticker symbol of Myers Industries Inc is MYE.
What is the 52-week high of Myers Industries Inc?
The 52-week high of Myers Industries Inc is 19.870.
What is the 52-week low of Myers Industries Inc?
The 52-week low of Myers Industries Inc is 9.060.
What is the market capitalization of Myers Industries Inc?
The market capitalization of Myers Industries Inc is 721.75M.
What is the net income of Myers Industries Inc?
The net income of Myers Industries Inc is 7.20M.
Is Myers Industries Inc (MYE) currently rated as Buy, Hold, or Sell?
According to analysts, Myers Industries Inc (MYE) has an overall rating of Buy, with a price target of 21.000.
What is the Earnings Per Share (EPS TTM) of Myers Industries Inc (MYE)?
The Earnings Per Share (EPS TTM) of Myers Industries Inc (MYE) is 0.747.