Analyst Revises Myers Industries, Inc. (NYSE:MYE) Stock Target


Myers Industries, Inc. (NYSE:MYE) mean price target is revealed at $15.00 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $0.06 in the coming quarter and $0.56 for the ongoing fiscal. The market cap of Myers Industries, Inc. Common S was $392.82M after the equity closed at $13.41 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Myers Industries, Inc. (NYSE:MYE) has a P/E ratio of 123.96. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

Myers Industries, Inc. (NYSE:MYE) PEG ratio sits at 7.98. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of Myers Industries, Inc. Common S visibly elucidates that the 50-day MA of Myers Industries, Inc. Common S is $14.11, and stock is trading $-0.97 points away or -6.85% from 50-day moving average of $14.11. It is trading $-0.76 or -5.50% away 200-day moving average of $13.90. Myers Industries, Inc. (NYSE:MYE) 52-week high is $15.86 and the 52-week low is $10.12. This represents that if the equity moves $-2.72 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +29.84%, then the share price can log a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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