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Myers Industries (NYSE:MYE - Get Rating) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Friday.

Separately, Cowen increased their target price on Myers Industries to $28.50 in a report on Tuesday.Myers Industries Stock Up 1.9 %

Shares of Myers Industries stock opened at $21.42 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.72 and a debt-to-equity ratio of 0.48. Myers Industries has a 52-week low of $15.82 and a 52-week high of $25.55. The company has a market capitalization of $781.14 million, a P/E ratio of 16.23 and a beta of 1.33. The company has a 50 day moving average of $22.73 and a 200 day moving average of $21.01. Hedge Funds Weigh In On Myers Industries

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Myers Industries by 0.3% in the 1st quarter. BlackRock Inc. now owns 5,751,265 shares of the industrial products company's stock valued at $124,227,000 after purchasing an additional 14,446 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Myers Industries by 0.5% during the first quarter. Gamco Investors INC. ET AL now owns 3,265,563 shares of the industrial products company's stock worth $70,536,000 after buying an additional 14,867 shares during the period. Dimensional Fund Advisors LP lifted its stake in Myers Industries by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,468,687 shares of the industrial products company's stock valued at $31,723,000 after buying an additional 9,721 shares during the last quarter. State Street Corp boosted its holdings in shares of Myers Industries by 3.1% in the first quarter. State Street Corp now owns 1,216,374 shares of the industrial products company's stock valued at $26,435,000 after acquiring an additional 36,804 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Myers Industries by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 481,551 shares of the industrial products company's stock worth $10,402,000 after acquiring an additional 3,665 shares during the last quarter. Institutional investors and hedge funds own 92.02% of the company's stock. About Myers Industries (Get Rating)

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through The Material Handling and Distribution segments. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, OEM parts, storage, organization, and custom plastic products; injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.Read MoreGet a free copy of the StockNews.com research report on Myers Industries (MYE)Look at Honeywell for a Steady and Diversified StockWhy Invest in High-Yield Dividend Stocks?Find and Profitably Trade Stocks at 52-Week LowsDisney (NYSE: DIS) Shares Just Gave Investors A Massive SignalSolar Stocks Shine Brightly After Passage Of Clean Energy Bill

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