Analysts at Goldman Sachs started coverage on shares of MSC Industrial Direct (NYSE:MSM) in a research report issued on Sunday. The brokerage set a “buy” rating and a $107.00 price target on the industrial products company’s stock. Goldman Sachs’ price target points to a potential upside of 14.08% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday. Stephens set a $114.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Credit Suisse Group set a $100.00 target price on shares of MSC Industrial Direct and gave the stock a “buy” rating in a research report on Monday, December 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $93.00 target price on shares of MSC Industrial Direct in a research report on Monday, December 11th. Finally, TheStreet raised shares of MSC Industrial Direct from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. MSC Industrial Direct has a consensus rating of “Hold” and an average price target of $96.92.

Shares of MSM stock opened at $93.79 on Friday. The firm has a market cap of $5,398.89, a P/E ratio of 22.65, a P/E/G ratio of 1.39 and a beta of 0.64. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. MSC Industrial Direct has a 1 year low of $65.42 and a 1 year high of $104.59.

MSC Industrial Direct (NYSE:MSM) last announced its quarterly earnings results on Wednesday, January 10th. The industrial products company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.01). The firm had revenue of $768.60 million for the quarter, compared to the consensus estimate of $770.95 million. MSC Industrial Direct had a net margin of 7.97% and a return on equity of 19.37%. MSC Industrial Direct’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. research analysts forecast that MSC Industrial Direct will post 5.06 EPS for the current fiscal year.

MSC Industrial Direct declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 10th that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, SVP Christopher Davanzo sold 12,046 shares of MSC Industrial Direct stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $93.43, for a total transaction of $1,125,457.78. Following the transaction, the senior vice president now owns 12,432 shares in the company, valued at approximately $1,161,521.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Charles Bonomo sold 1,800 shares of MSC Industrial Direct stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $92.19, for a total transaction of $165,942.00. The disclosure for this sale can be found here. Insiders have sold a total of 783,437 shares of company stock worth $74,083,049 in the last quarter. Corporate insiders own 31.38% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Grandeur Peak Global Advisors LLC boosted its stake in shares of MSC Industrial Direct by 2.1% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 150,700 shares of the industrial products company’s stock worth $14,567,000 after acquiring an additional 3,150 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of MSC Industrial Direct during the 4th quarter worth $409,000. Envestnet Asset Management Inc. boosted its stake in shares of MSC Industrial Direct by 18.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,385 shares of the industrial products company’s stock worth $714,000 after acquiring an additional 1,164 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of MSC Industrial Direct during the 4th quarter worth $2,724,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of MSC Industrial Direct by 80.6% during the 4th quarter. Vident Investment Advisory LLC now owns 8,628 shares of the industrial products company’s stock worth $834,000 after acquiring an additional 3,851 shares during the last quarter. Institutional investors and hedge funds own 75.35% of the company’s stock.

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About MSC Industrial Direct

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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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