The leading market experts have placed a mean price target of $15.000 on Myers Industries, Inc. (NYSE:MYE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.130 a share for the upcoming quarter and $0.670 for the current fiscal. Technical View The technical analysis of Myers Industries, Inc. Common S plainly substantiates that the 50-day moving average of Myers Industries, Inc. Common S is $14.884, and stock is hovering 0.418 or +2.808% distant from $14.884. It is noted that the 200-day MA is $13.136, and Myers Industries, Inc. Common S stock is $2.166 or +16.490% off from this point. Myers Industries, Inc. (NYSE:MYE) 52-week high is $15.860 and the 52-week low is $10.120. This explains if the stock moves $-0.558, it will post a 52-week high. In event of $+51.206% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Myers Industries, Inc. Common S, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Myers Industries, Inc. (NYSE:MYE) ratio came in at 50.669. The stock last ended the trading session at $15.302 and registered a market cap of $453.21M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Myers Industries, Inc. (NYSE:MYE) PEG ratio is at 7.470.
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