MSC Industrial Direct (NYSE:MSM) had its price target lowered by analysts at Deutsche Bank from $79.00 to $76.00 in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has a “hold” rating on the industrial products company’s stock. Deutsche Bank’s price target indicates a potential upside of 12.98% from the company’s previous close.
Other analysts have also recently issued reports about the company. Stephens cut their price objective on MSC Industrial Direct from $78.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Monday, April 13th. JPMorgan Chase & Co. boosted their price target on MSC Industrial Direct from $64.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. TheStreet raised MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, June 16th. Robert W. Baird boosted their price target on MSC Industrial Direct from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Finally, Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday, June 3rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. MSC Industrial Direct currently has an average rating of “Hold” and an average target price of $73.10.
NYSE:MSM traded down $0.93 during trading hours on Thursday, hitting $67.27. 100,514 shares of the company’s stock traded hands, compared to its average volume of 533,985. The business’s fifty day simple moving average is $70.77 and its two-hundred day simple moving average is $66.52. MSC Industrial Direct has a 52 week low of $44.93 and a 52 week high of $79.87. The company has a quick ratio of 0.94, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4.08 billion, a P/E ratio of 13.93 and a beta of 1.00.
MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.24. The firm had revenue of $834.97 million for the quarter, compared to the consensus estimate of $835.02 million. MSC Industrial Direct had a return on equity of 19.23% and a net margin of 8.05%. On average, analysts expect that MSC Industrial Direct will post 4.41 EPS for the current year.
In other news, EVP Douglas E. Jones sold 3,697 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $60.00, for a total value of $221,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 28.75% of the company’s stock.
Large investors have recently bought and sold shares of the company. Aigen Investment Management LP bought a new position in MSC Industrial Direct in the 1st quarter worth $26,000. Van ECK Associates Corp boosted its holdings in MSC Industrial Direct by 89.9% in the 1st quarter. Van ECK Associates Corp now owns 526 shares of the industrial products company’s stock worth $29,000 after buying an additional 249 shares during the period. Signaturefd LLC boosted its holdings in MSC Industrial Direct by 559.1% in the 1st quarter. Signaturefd LLC now owns 580 shares of the industrial products company’s stock worth $32,000 after buying an additional 492 shares during the period. Citizens Financial Group Inc RI boosted its holdings in MSC Industrial Direct by 90.5% in the 1st quarter. Citizens Financial Group Inc RI now owns 663 shares of the industrial products company’s stock worth $37,000 after buying an additional 315 shares during the period. Finally, FinTrust Capital Advisors LLC bought a new position in MSC Industrial Direct in the 1st quarter worth $69,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.
MSC Industrial Direct Company Profile
MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.
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