Myers Industries Stock Buy Hold or Sell Recommendation

MYE Stock  USD 23.17  0.05  0.22%   
Considering the 90-day investment horizon and your slightly conservative level of risk, our recommendation regarding Myers Industries is 'Hold'. Macroaxis provides Myers Industries buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MYE positions. The advice algorithm takes into account all of Myers Industries' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Myers Industries' buy or sell advice are summarized below:
Real Value
23.22
Target Price
24.5
Hype Value
23.12
Market Value
23.17
Naive Value
23.58
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Myers Industries given historical horizon and risk tolerance towards Myers Industries. When Macroaxis issues a 'buy' or 'sell' recommendation for Myers Industries, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Myers Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.
In addition, we conduct extensive research on individual companies such as Myers and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

Execute Myers Industries Buy or Sell Advice

The Myers recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Myers Industries. Macroaxis does not own or have any residual interests in Myers Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Myers Industries' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Myers IndustriesBuy Myers Industries
Hold

Market Performance

GoodDetails

Volatility

Very steadyDetails

Hype Condition

Over hypedDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

StrongDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Myers Industries has a Risk Adjusted Performance of 0.0883, Jensen Alpha of 0.109, Total Risk Alpha of (0.15), Sortino Ratio of 0.0832 and Treynor Ratio of 0.2221
Our advice module complements current analysts and expert consensus on Myers Industries. It analyzes the company potential to grow using all fundamental, technical, and market related data available at the time. To make sure Myers Industries is not overpriced, please verify all Myers Industries fundamentals, including its number of shares shorted, total debt, beta, as well as the relationship between the gross profit and short ratio . Given that Myers Industries has a price to book of 2.91 X, we recommend you to check Myers Industries market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Myers Industries Trading Alerts and Improvement Suggestions

Myers Industries has a strong financial position based on the latest SEC filings
Over 92.0% of the company shares are owned by institutional investors
Latest headline from MacroaxisInsider: Disposition of 1532 shares by Gurnee Jim of Myers Industries subject to Rule 16b-3

Myers Industries Returns Distribution Density

The distribution of Myers Industries' historical returns is an attempt to chart the uncertainty of Myers Industries' future price movements. The chart of the probability distribution of Myers Industries daily returns describes the distribution of returns around its average expected value. We use Myers Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Myers Industries returns is essential to provide solid investment advice for Myers Industries.
Mean Return
0.26
Value At Risk
-2.36
Potential Upside
2.92
Standard Deviation
1.76
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Myers Industries historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Myers Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Myers Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Myers Industries backward and forwards among themselves. Myers Industries' institutional investor refers to the entity that pools money to purchase Myers Industries' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Geode Capital Management, Llc2023-12-31
770.8 K
Teton Advisors Inc2023-12-31
567.9 K
Morgan Stanley - Brokerage Accounts2023-12-31
541.2 K
Bank Of New York Mellon Corp2023-12-31
515.4 K
Charles Schwab Investment Management Inc2023-12-31
487.7 K
Hotchkis & Wiley Capital Management Llc2023-12-31
468.9 K
Northern Trust Corp2023-12-31
386.2 K
Ameriprise Financial Inc2023-12-31
331.4 K
Millennium Management Llc2023-12-31
291.9 K
Blackrock Inc2023-12-31
5.9 M
Gamco Investors, Inc. Et Al2023-12-31
3.2 M
Note, although Myers Industries' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Myers Industries Cash Flow Accounts

201920202021202220232024 (projected)
Change In Cash16.6M(47.2M)(10.6M)5.5M7.2M7.5M
Free Cash Flow44.0M33.1M27.0M48.3M63.3M66.5M
Depreciation23.6M20.9M20.9M21.2M22.8M26.6M
Other Non Cash Items8.3M(10.5M)(2.8M)1.3M1.1M1.0M
Capital Expenditures10.3M13.4M17.9M24.3M22.9M19.7M
Net Income24.3M36.8M33.5M60.3M48.9M51.3M
End Period Cash Flow75.5M28.3M17.7M23.1M30.3M31.8M
Change To Inventory2.2M(7.9M)(24.9M)8.0M2.6M2.8M
Dividends Paid19.3M19.4M19.6M19.8M(20.2M)(19.2M)
Change Receivables12.5M(11.6M)(15.3M)(23.6M)(21.3M)(20.2M)
Change To Netincome9.6M1.8M3.2M10.4M11.9M12.5M
Investments(20.8M)1.2M(50.3M)(50.4M)(22.8M)(23.9M)

Myers Industries Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Myers Industries or Containers & Packaging sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Myers Industries' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Myers stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.11
β
Beta against NYSE Composite1.11
σ
Overall volatility
1.80
Ir
Information ratio 0.07

Myers Industries Volatility Alert

Myers Industries has relatively low volatility with skewness of 1.03 and kurtosis of 3.31. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Myers Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Myers Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Myers Industries Fundamentals Vs Peers

Comparing Myers Industries' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Myers Industries' direct or indirect competition across all of the common fundamentals between Myers Industries and the related equities. This way, we can detect undervalued stocks with similar characteristics as Myers Industries or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Myers Industries' fundamental indicators could also be used in its relative valuation, which is a method of valuing Myers Industries by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Myers Industries to competition
FundamentalsMyers IndustriesPeer Average
Return On Equity0.18-0.31
Return On Asset0.0717-0.14
Profit Margin0.06 %(1.27) %
Operating Margin0.05 %(5.51) %
Current Valuation917.59 M16.62 B
Shares Outstanding36.87 M571.82 M
Shares Owned By Insiders1.53 %10.09 %
Shares Owned By Institutions91.79 %39.21 %
Number Of Shares Shorted528.59 K4.71 M
Price To Earning22.20 X28.72 X
Price To Book2.91 X9.51 X
Price To Sales1.05 X11.42 X
Revenue813.07 M9.43 B
Gross Profit284.07 M27.38 B
EBITDA95 M3.9 B
Net Income48.87 M570.98 M
Cash And Equivalents22.43 M2.7 B
Cash Per Share0.62 X5.01 X
Total Debt95.49 M5.32 B
Debt To Equity0.60 %48.70 %
Current Ratio1.72 X2.16 X
Book Value Per Share7.95 X1.93 K
Cash Flow From Operations86.17 M971.22 M
Short Ratio3.67 X4.00 X
Earnings Per Share1.32 X3.12 X
Price To Earnings To Growth14.87 X4.89 X
Target Price30.0
Number Of Employees2.5 K18.84 K
Beta1.3-0.15
Market Capitalization856.07 M19.03 B
Total Asset541.63 M29.47 B
Retained Earnings(35.52 M)9.33 B
Working Capital91.51 M1.48 B
Note: Disposition of 1532 shares by Gurnee Jim of Myers Industries subject to Rule 16b-3 [view details]

Myers Industries Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Myers . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Myers Industries Buy or Sell Advice

When is the right time to buy or sell Myers Industries? Buying financial instruments such as Myers Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total130.0M132.4M95.5M124.5M
Total Assets484.5M542.6M541.6M431.3M

Use Investing Ideas to Build Portfolios

In addition to having Myers Industries in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run High Yield ETFs Thematic Idea Now

High Yield ETFs
High Yield ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The High Yield ETFs theme has 95 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize High Yield ETFs Theme or any other thematic opportunities.
View All  Next Launch
When determining whether Myers Industries is a strong investment it is important to analyze Myers Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports:
Check out Myers Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Myers Stock analysis

When running Myers Industries' price analysis, check to measure Myers Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
Money Managers
Screen money managers from public funds and ETFs managed around the world
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Is Myers Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Myers Industries. If investors know Myers will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Myers Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.06)
Dividend Share
0.54
Earnings Share
1.32
Revenue Per Share
22.128
Quarterly Revenue Growth
(0.10)
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.