MSC Industrial Direct (MSM) Given a $100.00 Price Target by Credit Suisse Group Analysts
MSC Industrial Direct (NYSE:MSM) received a $100.00 target price from research analysts at Credit Suisse Group in a research note issued to investors on Monday. The firm presently has a “buy” rating on the industrial products company’s stock. Credit Suisse Group’s price target suggests a potential upside of 11.01% from the stock’s previous close.
Several other research analysts have also recently issued reports on MSM. TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a report on Tuesday, November 28th. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, September 27th. BMO Capital Markets lifted their target price on shares of MSC Industrial Direct from $83.00 to $92.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Susquehanna Bancshares assumed coverage on shares of MSC Industrial Direct in a report on Monday, September 25th. They issued a “neutral” rating and a $77.00 target price for the company. Finally, KeyCorp reissued a “hold” rating on shares of MSC Industrial Direct in a report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.17.
MSC Industrial Direct (NYSE MSM) opened at $90.08 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.80 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5,096.06, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.77 and a beta of 0.67. MSC Industrial Direct has a twelve month low of $65.42 and a twelve month high of $105.70.
MSC Industrial Direct (NYSE:MSM) last issued its earnings results on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.08. The business had revenue of $753.80 million during the quarter, compared to analysts’ expectations of $745.80 million. MSC Industrial Direct had a net margin of 8.01% and a return on equity of 19.42%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 earnings per share. sell-side analysts predict that MSC Industrial Direct will post 4.45 EPS for the current fiscal year.
In other MSC Industrial Direct news, Director Mitchell Jacobson sold 11,121 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $80.79, for a total transaction of $898,465.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven N. Baruch sold 5,762 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $81.25, for a total transaction of $468,162.50. The disclosure for this sale can be found here. Insiders have sold 225,541 shares of company stock valued at $18,264,812 over the last three months. 31.28% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in MSC Industrial Direct by 30.6% during the third quarter. Public Employees Retirement System of Ohio now owns 372,507 shares of the industrial products company’s stock valued at $28,150,000 after buying an additional 87,188 shares during the last quarter. GSA Capital Partners LLP increased its holdings in MSC Industrial Direct by 37.4% during the third quarter. GSA Capital Partners LLP now owns 13,182 shares of the industrial products company’s stock valued at $996,000 after buying an additional 3,589 shares during the last quarter. DF Dent & Co. Inc. increased its holdings in MSC Industrial Direct by 37.5% during the third quarter. DF Dent & Co. Inc. now owns 4,407 shares of the industrial products company’s stock valued at $333,000 after buying an additional 1,203 shares during the last quarter. California Public Employees Retirement System increased its holdings in MSC Industrial Direct by 6.3% during the third quarter. California Public Employees Retirement System now owns 141,409 shares of the industrial products company’s stock valued at $10,686,000 after buying an additional 8,409 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in MSC Industrial Direct during the third quarter valued at approximately $7,409,000. 75.57% of the stock is owned by institutional investors and hedge funds.
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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.
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