News headlines about Myers Industries (NYSE:MYE) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Myers Industries earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.4525976890761 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Is Buying Myers Industries Inc (NYSE:MYE) For Its Upcoming $0.14 Dividend A Good Choice? (finance.yahoo.com)
- Myers Industries, Inc. (MYE) Director Buys $32,250.00 in Stock (americanbankingnews.com)
- Biohaven bullish on CGRP market with new Bristol-Myers terms (biopharmadive.com)
- Free Post Earnings Research Report: Carlisle’s Q4 Top-Line Grew 20.0% Y-o-Y; Beat Forecasts (finance.yahoo.com)
Shares of Myers Industries (NYSE MYE) traded down $0.10 during midday trading on Tuesday, hitting $21.75. 3,267 shares of the stock were exchanged, compared to its average volume of 75,843. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $672.68, a PE ratio of 44.20, a PEG ratio of 8.67 and a beta of 1.86. Myers Industries has a 1 year low of $14.55 and a 1 year high of $22.65.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Tuesday, March 20th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.48%. Myers Industries’s dividend payout ratio (DPR) is presently -174.19%.
A number of analysts have commented on MYE shares. Zacks Investment Research raised shares of Myers Industries from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, November 29th. Wells Fargo raised shares of Myers Industries from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.67.
In other news, Director Jane Scaccetti acquired 1,500 shares of Myers Industries stock in a transaction dated Tuesday, March 13th. The stock was purchased at an average cost of $21.50 per share, with a total value of $32,250.00. Following the completion of the purchase, the director now directly owns 13,590 shares in the company, valued at approximately $292,185. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.
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Myers Industries Company Profile
Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling and Distribution. As of December 31, 2016, the Company operated 15 manufacturing facilities, 20 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America.
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