While Myers Industries Inc has underperformed by -4.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MYE fell by -35.12%, with highs and lows ranging from $23.63 to $10.35, whereas the simple moving average fell by -30.61% in the last 200 days.
On November 06, 2024, KeyBanc Capital Markets Downgraded Myers Industries Inc (NYSE: MYE) to Sector Weight. A report published by TD Cowen on March 02, 2023, Downgraded its rating to ‘Market Perform’ for MYE. KeyBanc Capital Markets also Upgraded MYE shares as ‘Overweight’, setting a target price of $25 on the company’s shares in a report dated December 18, 2020. Cowen August 27, 2019d the rating to Outperform on August 27, 2019, and set its price target from $20 to $22. KeyBanc Capital Mkts initiated its ‘Sector Weight’ rating for MYE, as published in its report on August 28, 2018. Robert W. Baird’s report from July 11, 2018 suggests a price prediction of $21 for MYE shares, giving the stock a ‘Neutral’ rating. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Myers Industries Inc (MYE)
A return on investment can be expected regardless of MYE’s performance over the next quarter with the dividend set at $0.54 per share. Further, the quarter-over-quarter increase in sales is 3.67%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Myers Industries Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 5.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.11, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and MYE is recording an average volume of 245.66K. On a monthly basis, the volatility of the stock is set at 4.42%, whereas on a weekly basis, it is put at 5.91%, with a loss of -4.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.00, showing growth from the present price of $11.23, which can serve as yet another indication of whether MYE is worth investing in or should be passed over.
How Do You Analyze Myers Industries Inc Shares?
A leading company in the Packaging & Containers sector, Myers Industries Inc (MYE) is based in the USA. When comparing Myers Industries Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 27.05, there is a growth in quarterly earnings of -184.80%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.70%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MYE shares are owned by institutional investors to the tune of 91.10% at present.
