Based on the Myers Industries Inc stock forecast from 1 analysts, the average analyst target price for Myers Industries Inc is USD 24.33 over the next 12 months. Myers Industries Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Myers Industries Inc is Slightly Bullish , which is based on 9 positive signals and 5 negative signals. At the last closing, Myers Industries Inc’s stock price was USD 22.04. Myers Industries Inc’s stock price has changed by +2.18% over the past week, -5.08% over the past month and +16.31% over the last year.
No recent analyst target price found for Myers Industries Inc
No recent average analyst rating found for Myers Industries Inc
Company Overview Myers Industries Inc
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational and marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer markets, and other markets under Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, Trilogy Plastics, and Signature Systems brands directly to end-users, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and under-vehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as reflective highway marking tapes under the Myers Tire Supply, Myers Tire Supply International, Tuffy Manufacturing, Mohawk Rubber Sales, Patch Rubber Company, Elrick, Fleetline, MTS, Seymoure, Advance Traffic Markings, and MXP brands. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire re-treaders, truck stop operations, and government agencies. Myers Industries, Inc. was founded in 1933 and is headquartered in Akron, Ohio. Read Less
Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage a...Read More
Frequently Asked Questions About Myers Industries Inc (MYE) Stock
Based on ratings from 1 analysts Myers Industries Inc's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 3 buy, sell and hold ratings.
MYE stock's dividend yield is 2.33%.
Our analysis grades MYE stock's dividend yield at F. This means that MYE stock's dividend yield is above 44% of the stocks in the Packaging & Containers sector in the NYE exchange.
Based on this MYE may be a average dividend stock for its sector.
Based on targets from 1 analysts, the average taret price for MYE is USD 24.33 over the next 12 months. The maximum analyst target price is USD 30 while the minimum anlayst target price is USD 21.
MYE stock's Price/Earning ratio is 16.83.
Our analysis grades MYE stock's Price / Earning ratio at F. This means that MYE stock's Price/Earning ratio is above 47% of the stocks in the Packaging & Containers sector in the NYE exchange.
Based on this MYE may be fairly valued for its sector
The last closing price of MYE's stock was USD 22.04.
The most recent market capitalization for MYE is USD 0.82B.
Based on targets from 1 analysts, the average taret price for MYE is projected at USD 24.33 over the next 12 months.
This means that MYE's stock price may go up by +10.41% over the next 12 months.
We can't find any ETFs which contains Myers Industries Inc's stock.
As per our most recent records Myers Industries Inc has 2,500 Employees.
Myers Industries Inc's registered address is 1293 South Main Street, Akron, OH, United States, 44301.
You can get more information about it from Myers Industries Inc's website at https://www.myersindustries.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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