Keybanc Reiterates Buy Rating for Myers Industries
Keybanc maintains its buy rating on Myers Industries with a new price target, a 4.79% upside from the current price.
Key Points
- Keybanc reiterated its buy rating for Myers Industries, Inc. (MYE) on June 30, 2026, with a price target of $37.
- Keybanc's $37 price target implies 4.79% upside from Myers Industries, Inc.'s ($MYE) current $35.31 share price.
- Shares of NYSE:MYE traded near $30.86 on Wednesday, with a market cap of approximately $1.33 billion.
- Notable institutional moves include Capital World Investors increasing its stake by 475.8%.
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On June 30, 2026, Keybanc reiterated its buy rating for Myers Industries, Inc. (NYSE:MYE), setting a price target of $37. This update came from analyst Steve Barger and suggests confidence in the company's future performance. Shares of Myers Industries traded near $30.86 on Wednesday.
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Other Institutional Activity in Myers Industries
Several institutional investors have recently adjusted their positions in Myers Industries. Capital World Investors significantly boosted its holdings by 1,441,256 shares, resulting in a 475.8% increase, bringing its total to 1,744,184 shares valued at approximately $36.9 million. Conversely, GAMCO Investors, Inc. reduced its stake by 69,636 shares, leaving it with 3,429,720 shares worth about $72.6 million. BlackRock, Inc. also trimmed its position by 15,668 shares, resulting in 2,741,640 shares valued at around $58.1 million. Meanwhile, Vanguard Capital Management LLC opened a new position with 1,628,464 shares, valued at $34.5 million.
Myers Industries, Inc. Stock Up 7.7%
Shares of Myers Industries, Inc. (NYSE:MYE) traded near $30.86 on Wednesday. The company has a market cap of approximately $1.33 billion and a P/E ratio of 31.8. Its forward P/E is 18.9, and it has a beta of 0.998, indicating moderate volatility. The stock's 52-week range is between $12.96 and $35.74, with a 50-day moving average of $23.73 and a 200-day moving average of $20.37. Myers Industries maintains a current ratio of 1.65 and a quick ratio of 0.88, with a debt-to-equity ratio of 126.1.
$MYE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Myers Industries reported revenue of $828.7 million, reflecting a growth rate of 1.8%. The company achieved an EPS of $1.11, with a net margin of 3.2% and a return on equity of 14.7%. The next earnings report is expected on August 6, 2026.
Dividend
Myers Industries offers an annual dividend rate of $0.54, yielding 1.53% based on the current stock price. The dividend payout ratio stands at 48.7%.
Insider Buying and Selling at Myers Industries, Inc.
On May 8, 2026, several insiders, including Ronald DeFeo and Yvette Dapremont Bright, each bought 5,135 shares of Myers Industries. These transactions were not part of a pre-planned trading program and did not involve any purchase price.
Analysts Set New Price Targets
Keybanc maintained its buy rating on Myers Industries and set a price target of $37 on June 30, 2026. The consensus among analysts is a target mean price of $26, based on one opinion.
About Myers Industries
Myers Industries, Inc. is a consumer cyclical company based in Akron, Ohio. It operates in the packaging and containers industry, distributing tire service supplies and manufacturing plastic, metal, and rubber products. The company serves diverse markets, including manufacturing, automotive, healthcare, and consumer products. Myers Industries was founded in 1933 and employs about 2,200 people. Its CEO is Aaron M. Schapper.
Bottom Line
Keybanc's reiterated buy rating and raised price target for Myers Industries underscore the analyst's confidence in the company's potential. Investors often track such updates for insights into a company's prospects. It's important to remember that analyst ratings are based on past performance and expectations, and not a guarantee of future results.
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