Myers Industries (NYSE:MYE) Raised to Strong-Buy at Wall Street Zen

Posted by on Sep 28th, 2026

Myers Industries (NYSE:MYE – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research firms have also commented on MYE. KeyCorp lifted their price objective on Myers Industries from $26.00 to $37.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Myers Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.00.

Check Out Our Latest Research Report on Myers Industries

Myers Industries Stock Up 0.3%

Shares of MYE opened at $31.45 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of 32.42 and a beta of 0.87. Myers Industries has a 12 month low of $15.54 and a 12 month high of $37.45. The stock’s 50-day moving average price is $32.33 and its two-hundred day moving average price is $27.08. The company has a current ratio of 1.61, a quick ratio of 1.21 and a debt-to-equity ratio of 0.91.

Myers Industries (NYSE:MYE – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.17. The firm had revenue of $179.20 million for the quarter, compared to analyst estimates of $166.00 million. Myers Industries had a return on equity of 19.86% and a net margin of 4.86%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC acquired a new position in shares of Myers Industries in the 2nd quarter valued at about $926,000. WINTON GROUP Ltd acquired a new stake in Myers Industries during the second quarter worth approximately $304,000. Integrated Wealth Concepts LLC acquired a new stake in Myers Industries during the second quarter worth approximately $112,000. HighTower Advisors LLC increased its holdings in Myers Industries by 34.7% in the second quarter. HighTower Advisors LLC now owns 16,947 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 4,363 shares in the last quarter. Finally, AXQ Capital LP bought a new stake in Myers Industries in the second quarter worth approximately $387,000. 90.82% of the stock is owned by institutional investors.

Myers Industries Company Profile

(Get Free Report)

Myers Industries, Inc is an industrial manufacturing and distribution company headquartered in Akron, Ohio. The company serves customers primarily in North America through two principal business areas: material handling and distribution.

Its material handling business manufactures reusable plastic products used to store, transport and protect materials. Products include pallets, totes, containers, drums, tanks, carts and other custom plastic components for industrial, agricultural, automotive, food processing and commercial applications.

Through its distribution operations, including Myers Tire Supply, the company provides tire service supplies, equipment and related products to tire dealers, automotive service businesses and commercial customers.

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