MSC Industrial Direct Co. (NYSE:MSM)’s share price gapped down before the market opened on Monday . The stock had previously closed at $73.30, but opened at $73.51. MSC Industrial Direct shares last traded at $74.17, with a volume of 264,600 shares changing hands.

Several research firms have weighed in on MSM. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Thursday, June 9th. Barclays PLC cut MSC Industrial Direct from an “equal weight” rating to an “underweight” rating and set a $64.00 target price on the stock. in a research note on Wednesday, May 25th. They noted that the move was a valuation call. Credit Suisse Group AG began coverage on MSC Industrial Direct in a research note on Friday, August 19th. They set an “underperform” rating and a $65.00 target price on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $78.00 target price (down previously from $80.00) on shares of MSC Industrial Direct in a research note on Thursday, July 7th. Finally, Macquarie began coverage on MSC Industrial Direct in a research note on Thursday, August 25th. They set a “neutral” rating and a $80.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $75.44.

The company has a market capitalization of $4.56 billion and a PE ratio of 20.00. The firm has a 50 day moving average of $72.87 and a 200-day moving average of $73.21.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, July 6th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The company earned $727.50 million during the quarter. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. Equities research analysts predict 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 stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $73.35, for a total value of $273,742.20. Following the transaction, the senior vice president now 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 is available at 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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