Myers Industries Inc's fundamentals are relatively very healthy, and its growth potential is significant.Its valuation is considered fairly valued, ranking 3 out of 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
56 / 4536
Industry
Containers & Packaging
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Negative
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 2.70, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 33.91M shares, decreasing 12.24% 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.