Keybanc Reiterates Buy Rating on MYE, Sets $37 Price Target
Keybanc maintains its buy rating on MYE, aiming for a $37 price target, a 19.90% upside from the current price.
Key Points
- Keybanc reiterated its buy rating for MYE on June 30, 2026, with a price target of $37.
- Keybanc's $37 price target implies 19.90% upside from Myers Industries, Inc.'s ($MYE) current $30.86 share price.
- MYE shares traded near $30.86 on Tuesday, with recent insider buying activity on May 8, 2026.
- GAMCO Investors and BlackRock slightly reduced their MYE holdings, while Vanguard opened a new position.
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Keybanc has reiterated its buy rating on MYE, setting a new price target of $37 on June 30, 2026. Analyst Steve Barger from Keybanc maintained the positive outlook, signaling continued confidence in the company's prospects.
Keybanc vs. the S&P 500
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Other Institutional Activity in MYE
Several institutional investors have recently adjusted their positions in MYE. GAMCO Investors, Inc. trimmed its holdings by 69,636 shares, leaving it with 3,429,720 shares valued at about $72.6 million, a 2.0% decrease. BlackRock, Inc. also reduced its stake by 15,668 shares to a total of 2,741,640 shares worth approximately $58.1 million, marking a 0.6% decrease. Allspring Global Investments Holdings, LLC cut its position by 132,505 shares, resulting in 2,061,840 shares valued at $44 million, a 6.0% decrease. Meanwhile, Capital World Investors significantly increased its position by 1,441,256 shares, bringing its total to 1,744,184 shares valued at around $36.9 million, a 475.8% jump. Vanguard Capital Management LLC opened a new position with 1,628,464 shares, worth about $34.5 million.
Myers Industries, Inc. Stock Down 5.9%
On Tuesday, MYE shares traded around $30.86. The stock has seen various institutional movements recently, which could influence its future performance. Details on its market cap, P/E ratio, and other financial metrics were not available.
$MYE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Myers Industries, Inc.
On May 8, 2026, several insiders at MYE made purchases of 5,135 shares each. These insiders include Ronald DeFeo, Yvette Dapremont Bright, Helmuth Ludwig, Lori Lutey, Patricia Warfield, and Frederic Jack Liebau Jr. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 30, 2026, Keybanc maintained its buy rating for MYE, with a price target set at $37. This follows previous ratings, including a buy rating at $26 on February 18, 2026. The consensus among analysts remains positive, with a strong buy recommendation and an average target price reflecting continued confidence in MYE's prospects.
Bottom Line
Keybanc's reiterated buy rating and new price target of $37 for MYE highlight ongoing confidence in the company's potential. While the stock traded near $30.86 recently, insider buying activity suggests optimism internally. Institutional activity shows mixed adjustments, with some funds reducing their stakes while others like Vanguard are entering new positions. As always, these insights from 13F filings and analyst ratings reflect past decisions and may not represent current sentiment.
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