MSC Industrial Direct Co. (NYSE:MSM) gapped up prior to trading on Friday . The stock had previously closed at $73.30, but opened at $73.51. MSC Industrial Direct shares last traded at $73.94, with a volume of 108,514 shares trading hands.

Several equities research analysts have issued reports on MSM shares. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Thursday, June 9th. BMO Capital Markets reiterated a “market perform” rating and issued a $78.00 price target (down from $80.00) on shares of MSC Industrial Direct in a research note on Thursday, July 7th. Macquarie started coverage on shares of MSC Industrial Direct in a research note on Thursday, August 25th. They issued a “neutral” rating and a $80.00 price target on the stock. Credit Suisse Group AG started coverage on shares of MSC Industrial Direct in a research note on Saturday, June 18th. They issued a “sell” rating on the stock. Finally, Barclays PLC lifted their price target on shares of MSC Industrial Direct from $64.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, July 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $75.44.

The company has a market cap of $4.56 billion and a price-to-earnings ratio of 20.00. The company’s 50-day moving average price is $72.87 and its 200 day moving average price is $73.21.

MSC Industrial Direct (NYSE:MSM) last released its quarterly earnings data on Wednesday, July 6th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The business earned $727.50 million during the quarter. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. Equities research analysts forecast that MSC Industrial Direct Co. will post $3.73 earnings per share for the current year.

In other MSC Industrial Direct news, SVP Steve Armstrong sold 3,732 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $73.35, for a total value of $273,742.20. Following the transaction, the senior vice president now directly owns 16,144 shares of the company’s stock, valued at $1,184,162.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

MSC Industrial Direct Co, Inc (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico).

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