MSC Industrial Direct (NYSE:MSM) had its price objective hoisted by JPMorgan Chase & Co. from $78.00 to $79.00 in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have a neutral rating on the industrial products company’s stock.

A number of other research analysts have also weighed in on MSM. Raymond James lowered MSC Industrial Direct from an outperform rating to a market perform rating in a report on Thursday, September 12th. Zacks Investment Research lowered MSC Industrial Direct from a hold rating to a sell rating in a report on Thursday. Northcoast Research lowered MSC Industrial Direct from a buy rating to a neutral rating and decreased their target price for the stock from $89.00 to $74.00 in a report on Friday, July 12th. Buckingham Research decreased their target price on MSC Industrial Direct from $70.00 to $69.00 and set a neutral rating on the stock in a report on Tuesday, October 8th. Finally, Wells Fargo & Co set a $65.00 target price on MSC Industrial Direct and gave the stock a hold rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $78.30.

Shares of MSM stock traded up $3.15 during trading on Thursday, reaching $72.15. 726,347 shares of the company’s stock were exchanged, compared to its average volume of 407,963. The company has a quick ratio of 1.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.81 billion, a PE ratio of 14.20, a PEG ratio of 1.03 and a beta of 0.91. MSC Industrial Direct has a twelve month low of $64.59 and a twelve month high of $90.25. The firm’s fifty day moving average price is $69.47 and its 200-day moving average price is $73.63.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.05). The business had revenue of $866.50 million for the quarter, compared to analyst estimates of $881.62 million. MSC Industrial Direct had a return on equity of 21.08% and a net margin of 8.79%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. As a group, analysts anticipate that MSC Industrial Direct will post 5.24 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSM. Steward Partners Investment Advisory LLC bought a new stake in MSC Industrial Direct in the 2nd quarter valued at $53,000. Point72 Asset Management L.P. bought a new stake in MSC Industrial Direct in the 2nd quarter valued at $89,000. NumerixS Investment Technologies Inc boosted its stake in MSC Industrial Direct by 71.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 500 shares during the period. SRS Capital Advisors Inc. bought a new stake in MSC Industrial Direct in the 2nd quarter valued at $106,000. Finally, Cerebellum GP LLC bought a new stake in shares of MSC Industrial Direct during the 3rd quarter valued at $127,000. Institutional investors and hedge funds own 75.32% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, 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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Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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