Media coverage about MSC Industrial Direct (NYSE:MSM) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MSC Industrial Direct earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.4378377975088 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several equities research analysts recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating on shares of MSC Industrial Direct in a research report on Tuesday. TheStreet lowered shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Northcoast Research started coverage on shares of MSC Industrial Direct in a report on Tuesday, July 25th. They set a “neutral” rating for the company. Stifel Nicolaus restated a “hold” rating and set a $88.00 price target (down previously from $92.00) on shares of MSC Industrial Direct in a report on Monday, June 12th. Finally, Zacks Investment Research upgraded shares of MSC Industrial Direct from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. MSC Industrial Direct presently has an average rating of “Hold” and a consensus price target of $91.75.

Shares of MSC Industrial Direct (NYSE MSM) opened at 72.00 on Friday. The stock has a 50 day moving average of $69.40 and a 200 day moving average of $84.41. MSC Industrial Direct has a 1-year low of $65.42 and a 1-year high of $105.70. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 17.96 and a beta of 0.51.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. The company had revenue of $743.90 million during the quarter, compared to analyst estimates of $744.49 million. During the same quarter last year, the firm posted $1.05 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts predict that MSC Industrial Direct will post $3.97 EPS for the current year.

In other MSC Industrial Direct news, Director Philip Peller purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was bought at an average price of $72.00 per share, with a total value of $72,000.00. Following the completion of the purchase, the director now directly owns 2,422 shares of the company’s stock, valued at approximately $174,384. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 31.28% of the company’s stock.

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MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

Insider Buying and Selling by Quarter for MSC Industrial Direct (NYSE:MSM)

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