Myers Industries (MYE) Stock: Buy, Sell, or Hold?
MYE - Myers Industries, Inc.
$31.63
0.34 (1.09%)
▲
5d:
+0.86%
30d:
+2.53%
90d:
+3.37%
HOLD
LOW Confidence
Analysis Updated: Oct 2, 2026 12:00 AM ET
Earnings: Oct 29, 2026
25d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: MYE is fairly valued with market pricing in 2.8% annual growth. Fine to hold or accumulate slowly on dips.
📊 HOLD: MYE is fairly valued with market pricing in 2.8% annual growth. Fine to hold or accumulate slowly on dips.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$38.60
Based on 5.8% avg growth
INTRINSIC VALUE TODAY
$23.97
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 14.6x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: MYE is currently trading at $31.63, which is considered fair relative to its 30-day fair value range of $30.48 to $32.28. The stock's valuation (Forward PE: 15.8) is in line with its historical norms (14.6). At these levels, the market is pricing in 2.8% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, MYE is in a strong uptrend. The price is approaching resistance at $32.31. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: MYE scores 69/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $37.00 (+17.0%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, MYE is in a strong uptrend. The price is approaching resistance at $32.31. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: MYE scores 69/100 on our bottoming-setup gauge — the chart has corrected and is stabilizing (RSI reset, momentum turning up), historically a favorable entry zone. Wall Street analysts see significant upside, with an average price target of $37.00 (+17.0%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
FAIR
Historical Trading Range
$30.48 -
$32.28
Company Quality Score
63/100
(BUY)
Volume Confirmation
HIGH
Confidence Score
81.9%
All Signals
- NEUTRAL: Price in fair range
- BULLISH: Strong technical setup (69/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($37.00)
- NEUTRAL: Market pricing in 2.8% annual earnings growth - fairly valued
- CAUTION: Bottoming setup, but lagging the sector by 12% over 20 days — wait for relative strength
Trading Range Analysis
30-Day Trading Range
$30.48 -
$32.28
Current vs Trading Range
FAIR
Support & Resistance Levels
Support Level
$30.05
Resistance Level
$32.31
Current Trend
Strong Uptrend
Technical data as of
Oct 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
15.81
Wall Street Target
$37.00
(+17.0%)
Revenue Growth (YoY)
9.8%
Earnings Growth (YoY)
105.5%
Profit Margin
4.3%
Valuation Premium vs History
+2.8% premium
PE vs Historical
15.8 vs 14.6
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+2.8%
(market-implied from PE analysis)
1-Year Target
$32.52
(+3%)
2-Year Target
$33.43
(+6%)
3-Year Target
$34.36
(+9%)
3-Yr Target (if PE normalizes)
(PE: 16→15)
PE COMPRESSION
$31.72
(+0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 20.4, Growth: 7.5%)
$50.72
(+60%)
Base:
(SPY PE: 15.8, Growth: 7.5%)
$39.32
(+24%)
Bear:
(PE: 13.4, Growth: 7.5%)
$33.42
(+6%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (23x PE), but valuation improves significantly next year (16x PE) as earnings recover.
Trailing PE: 23.35 | Current EPS (TTM): $1.34
Bull Case
$51.37
(+62%)
Analyst growth 49.3%, PE expands to 25.7
Base Case
$46.70
(+48%)
Market implied 49.3%, PE stable at 23.4
Bear Case
$21.28
(-33%)
Severe decline -20.0%, PE contracts to 19.9
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: October 03, 2026 1:11 AM ET
Data refreshes hourly during market hours. Next update: 2:11 AM
Data refreshes hourly during market hours. Next update: 2:11 AM
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Technical Signals Check
Is MYE showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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