Myers Industries (NYSE:MYE) Stock Rating Upgraded by Wall Street Zen

Myers Industries (NYSE:MYE) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other brokerages have also recently commented on MYE. KeyCorp increased their price target on shares of Myers Industries from $26.00 to $37.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Weiss Ratings lowered shares of Myers Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.00.

Myers Industries Stock Up 0.6%

NYSE:MYE opened at $34.36 on Friday. Myers Industries has a twelve month low of $12.96 and a twelve month high of $36.00. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 35.42 and a beta of 0.89. The company has a quick ratio of 1.21, a current ratio of 1.61 and a debt-to-equity ratio of 0.91. The stock’s 50 day moving average price is $28.72 and its two-hundred day moving average price is $23.99.

Myers Industries (NYSE:MYE) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.36 by $0.17. Myers Industries had a return on equity of 19.86% and a net margin of 4.86%.The company had revenue of $179.20 million during the quarter, compared to the consensus estimate of $166.00 million.

Institutional Investors Weigh In On Myers Industries

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in Myers Industries by 372.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,900 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 1,498 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Myers Industries in the fourth quarter valued at about $38,000. NewEdge Advisors LLC acquired a new stake in shares of Myers Industries during the 1st quarter worth about $43,000. Quarry LP acquired a new stake in shares of Myers Industries during the 3rd quarter worth about $48,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Myers Industries during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Key Headlines Impacting Myers Industries

Here are the key news stories impacting Myers Industries this week:

• Positive Sentiment: Quarterly results beat expectations: Second-quarter sales increased 9.8% year over year to $179.2 million, above the $166 million consensus estimate. Adjusted EPS was reported at approximately $0.50-$0.53, versus expectations of $0.36. Net income more than doubled to $20.0 million, while operating income reached $31.2 million. Myers Industries Announces 2026 Second Quarter Results
• Positive Sentiment: Strong end-market performance: Infrastructure sales rose 52% and Food & Beverage sales climbed 48%. Management said infrastructure growth should remain strong, with moderate growth expected in Industrial and Food & Beverage markets. Myers Industries Q2 Revenue Rises 9.8 Percent
• Positive Sentiment: Defense expansion supports the growth outlook: Scepter, Myers’ military-packaging business, launched European production of ammunition containers and is expanding its manufacturing footprint to Poland. Management sees ammunition-packaging revenue growing at a 10%-15% compound annual rate through 2028, potentially improving European sales and capacity. Myers Industries Expands Defense Manufacturing Footprint to Poland
• Positive Sentiment: Healthy cash generation and liquidity: Operating cash flow was $32.1 million and free cash flow was $26.5 million. Total liquidity stood at $292.3 million after the company refinanced and extended its credit facilities, providing flexibility for expansion. Myers Industries Posts Strong Second-Quarter 2026 Results
• Negative Sentiment: Some markets remain weak: Vehicle sales declined 19% and Consumer sales fell 14%, underscoring continued exposure to cyclical and softer-demand end markets. The stock’s elevated valuation, including a price-to-earnings ratio near 49, may also limit upside if growth slows.

About Myers Industries

Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.

Myers operates primarily through two business segments.