#3 - Myers Industries (NYSE:MYE)
If you’re looking for a mid-cap play in the industrial sector, Myers Industries (NYSE:MYE) holds some appeal. The diversified manufacturing company focuses on polymer products and wholesale distribution specifically related to tire service supplies in Ohio.
This is an example of when boring can be beautiful. If you bought the stock in 2017, you’d be rewarded with 36% share price growth. And you would have been able to take advantage of a reliable, if not unspectacular, dividend of 54 cents per share on an annualized basis.
The company is expected to show strong earning per share growth over the next five years. Since share price growth usually follows strong earnings, MYE stock could be an opportunistic buy at this time.
About Myers Industries
Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.
Read More - Current Price
- $22.28
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $30.00 (34.6% Upside)
