Analysts predict MYE shares will perform strongly in 2023

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Myers Industries Inc shares valued at $193,541 were purchased by Grant Fitz E on Jun 02 ’25. At $14.26 per share, Grant Fitz E acquired 13,576 shares.

Also, Bright Yvette Dapremont purchased 500 shares, netting a total of over 5,720 in proceeds. Following the buying of shares at $11.44 each, the insider now holds 27,711 shares.

Before that, Kramer Jeffrey had added 1,000 shares to its account. In a trade valued at $11,630, the Director bought Myers Industries Inc shares for $11.63 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $0.34 million.

As published in a research note from KeyBanc Capital Markets on June 13, 2025, Myers Industries Inc [MYE] has been rated up from a Sector weight to an Overweight and the price target has been revised to $21. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early November. As of March 02, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for MYE. Earlier on December 18, 2020, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for MYE stock which previously was a “a Sector weight”.

Analyzing MYE Stock Performance

On last trading session, Myers Industries Inc [NYSE: MYE] rose 0.07% to $14.65. The stock’s lowest price that day was $12.96, but it reached a high of $14.78 in the same session. During the last five days, there has been a drop of approximately -1.94%. Over the course of the year, Myers Industries Inc shares have jumped approximately 1.17%.

Support And Resistance Levels for Myers Industries Inc (MYE)

RSI (Relative Strength Index) is 47.84 on the 14-day chart, showing neutral technical sentiment.

Is Myers Industries Inc subject to short interest?

Stocks of Myers Industries Inc saw a sharp steep in short interest on 2025-07-15 dropping by -0.13 million shares to 0.44 million. Data from Yahoo Finance shows that the short interest on 2025-06-13 was 0.57 million shares. A decline of -30.5% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.82 of the overall float, the days-to-cover ratio (short ratio) decline to 1.82.

Which companies own the most shares of Myers Industries Inc (MYE)?

In terms of Myers Industries Inc share price expectations, FactSet research, analysts set an average price target of 21 in the next 12 months, up nearly 43.44% from the previous closing price of $14.64. Analysts anticipate Myers Industries Inc stock to reach 21 by 2025, with the lowest price target being 21. On August 27, 2019, Cowen assigned a price target of “an Outperform” to the stock and upgraded coverage with a $22.

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