MSC Industrial Direct Co. (NYSE:MSM) shares gapped up before the market opened 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 changing hands.

A number of research analysts have recently 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 objective for the company in a report on Thursday, June 9th. BMO Capital Markets reiterated a “market perform” rating and set a $78.00 price objective (down from $80.00) on shares of MSC Industrial Direct in a report on Thursday, July 7th. Macquarie started coverage on shares of MSC Industrial Direct in a report on Thursday, August 25th. They set a “neutral” rating and a $80.00 price objective for the company. Credit Suisse Group AG started coverage on shares of MSC Industrial Direct in a report on Saturday, June 18th. They set a “sell” rating for the company. Finally, Barclays PLC lifted their price objective on shares of MSC Industrial Direct from $64.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. MSC Industrial Direct presently has an average rating of “Hold” and an average price target of $75.44.

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

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, July 6th. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company earned $727.50 million during the quarter. During the same period in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities research analysts forecast that MSC Industrial Direct Co. will post $3.73 EPS for the current year.

In other MSC Industrial Direct news, SVP Steve Armstrong sold 3,732 shares of the company’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 completion of the transaction, the senior vice president now directly owns 16,144 shares in the company, valued at approximately $1,184,162.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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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