Myers Industries Inc. (NYSE: MYE) has benefited from notable positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, the stock’s power rating rose above 70, and the consensus estimate for December, 2025 increased significantly.
Recent notable positive changes in investment behavior have benefitted Myers Industries Inc. (NYSE: MYE): the stock rose on very heavy volume.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Myers Industries has a slightly negative Appreciation Score of 31 but a good Power Rating of 74, with the Neutral Value Trend Rating the result.
Recent Price Action
On 3/22/24, Myers Industries Inc. (NYSE: MYE) stock enjoyed a very large increase of 5.8%, closing at $23.06. Moreover, exceptionally high trading volume at 207% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 10.5% during the last week.
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