Recent exceptional positive changes in investment behavior have benefitted Myers Industries Inc. (NYSE: MYE): its shorter term price trend turned up, and its longer term price trend turned up.
Myers Industries Inc. (NYSE: MYE) has benefited from important positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MYE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Myers Industries has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Myers Industries has a slightly negative Appreciation Score of 35 but a slightly positive Power Rating of 68, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 3/8/24, Myers Industries Inc. (NYSE: MYE) stock declined modestly by -1.1%, closing at $21.21. Moreover, trading volume in this decline was unusually high at 178% of normal. The stock has risen 10.3% during the last week and has performed in line with the market over the last nine months.
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