Wall Street Zen downgrades Myers Industries stock to Buy

Published on 10/06/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was USD 179.20 million versus USD 166.00 million consensus. Myers Industries stock costs EUR 28.50 on October 6, 2026 after EUR 28.50.

MYE, US6284641098, Illustration mit AI erstellt.

Wall Street Zen downgraded Myers Industries from strong-buy to buy in a report dated October 4, 2026, according to MarketBeat. Myers Industries stock is now framed by a mixed analyst picture, with a consensus Hold rating and an average target of USD 37.00.

Second-quarter results reset the baseline

Myers Industries reported USD 179.20 million in net sales for the second quarter of 2026, up 9.80 percent year over year, while net income rose to USD 20.00 million from USD 9.70 million. The figures come from the Q2 2026 filing summary published by StockTitan on July 30, 2026.

The operating picture also improved: gross margin reached 34.30 percent in the second quarter, while operating income from continuing operations increased 57.10 percent to USD 31.20 million. Myers Industries also repaid USD 35.00 million on Term Loan A, leaving USD 316.00 million outstanding, according to StockTitan.

Analyst target remains above the quote

MarketBeat's October 4, 2026 report puts the average analyst target at USD 37.00 and the consensus at Hold. The same report says one analyst had a Buy rating and two had Hold ratings, a narrow base that makes the target less persuasive than a broad agreement.

Myers Industries is also completing a portfolio shift. The company reclassified Myers Tire Supply as discontinued operations and recorded a USD 19.50 million impairment charge in its 2026 reporting, while the August 2026 sale of the business for USD 30.00 million was reported by MarketScreener.

October 29 sets the next test

Myers Industries is scheduled to report third-quarter 2026 results on October 29, 2026, before the market opens, with the conference call set for 8:30 a.m. ET, according to MarketBeat. The upcoming report will show whether the second-quarter margin and cash flow gains continued after the Tire Supply disposal.

Stock holds at EUR 28.50

Myers Industries was trading at EUR 28.50 at Lang & Schwarz on October 6, 2026 at 1:08 p.m. CEST, unchanged at plus 0.00 percent versus the prior close of EUR 28.50 on October 5, 2026. The primary listing is NYSE, where the reported 52-week range was USD 15.54 to USD 37.45 on October 4, 2026.