Myers Industries (MYE) has disclosed a new risk, in the Economy & Political Environment category.
Myers Industries faces substantial risk due to the volatility in global commodity markets, fueled by geopolitical unrest, such as the Russia-Ukraine conflict and Israel-Hamas war. These events have disrupted oil markets—a key input in plastic resin production—alongside other essential commodities. The company’s operations, while predominantly domestic, are not insulated from the broader economic repercussions such as inflation, credit tightening, and currency shifts. These macroeconomic pressures can dampen consumer spending and, consequently, demand for Myers Industries’ products, potentially leading to a material adverse impact on their financial health and operational outcomes.
Overall, Wall Street has a Moderate Buy consensus rating on MYE stock based on 1 Buy and 1 Hold.
To learn more about Myers Industries’ risk factors, click here.
