The leading market experts have placed a mean price target of $15.00 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 $0.06 a share for the upcoming quarter and $0.56 for the current fiscal.
The technical analysis of Myers Industries, Inc. Common S plainly substantiates that the 50-day moving average of Myers Industries, Inc. Common S is $14.46, and stock is trading $-0.07 points away or -0.51% from its 50-day moving average of $14.46. Further it is trading $0.56 or +4.06% away its 200-day moving average of $13.83. Myers Industries, Inc. (NYSE:MYE) 52-week high is $15.86 and the 52-week low is $10.12.
This explains if the stock moves $-1.47, it will post a 52-week high. In event of +42.19% 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 135.75.
The stock last ended the trading session at $14.39 and registered a market cap of $430.19M. 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 8.54.
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