Myers Industries (MYE) Stock Forecast & Price Target

$11.70 +0.79 (+7.24%)

(As of 11/20/2024 ET)

Myers Industries - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 1 Analyst Ratings

Sell
0

Hold
1

Buy
0

Based on 1 Wall Street analysts who have issued ratings for Myers Industries in the last 12 months, the stock has a consensus rating of "Hold." Out of the 1 analysts, 1 has given a hold rating for MYE.

Consensus Price Target

$22.00
88.03% Upside

According to the 1 analysts' twelve-month price targets for Myers Industries, the average price target is $22.00. The highest price target for MYE is $22.00, while the lowest price target for MYE is $22.00. The average price target represents a forecasted upside of 88.03% from the current price of $11.70.

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MYE Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$22.00	$22.00	$27.00	$22.38
Forecasted Upside	88.03% Upside	74.46% Upside	78.34% Upside	28.52% Upside
Consensus Rating	Hold	Buy	Buy	Moderate Buy

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MYE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MYE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Myers Industries Stock vs. The Competition

Type	Myers Industries	Industrial Products Companies	S&P 500
Consensus Rating Score	2.00	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	88.03% Upside	43.31% Upside	9.83% Upside
News Sentiment Rating	Very Positive News See Recent MYE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date	Details
11/6/2024	KeyCorp 3 of 5 stars	S. Barger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Sector Weight
3/2/2023	TD Cowen 4 of 5 stars		Downgrade	Outperform ➝ Market Perform	$28.50 ➝ $23.75	+8.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:35 AM ET.

MYE Forecast - Frequently Asked Questions

: According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Myers Industries is $22.00, with a high forecast of $22.00 and a low forecast of $22.00.
: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Myers Industries in the last year. There is currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" MYE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MYE, but not buy additional shares or sell existing shares.
: According to analysts, Myers Industries's stock has a predicted upside of 88.03% based on their 12-month stock forecasts.
: Over the previous 90 days, Myers Industries's stock had 1 downgrade by analysts.
: Myers Industries has been rated by research analysts at KeyCorp in the past 90 days.
: Analysts like Myers Industries less than other "industrial products" companies. The consensus rating for Myers Industries is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how MYE compares to other companies.

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This page (NYSE:MYE) was last updated on 11/21/2024 by MarketBeat.com Staff

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Myers Industries (MYE) Stock Forecast & Price Target