MSC Industrial Direct Company, Inc. (NYSE:MSM) Receives Consensus Rating of “Hold” from Analysts

MSC Industrial Direct Company, Inc. (NYSE:MSM) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $123.4286.

A number of brokerages have issued reports on MSM. Weiss Ratings downgraded MSC Industrial Direct from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 11th. DA Davidson boosted their price target on shares of MSC Industrial Direct from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Jefferies Financial Group set a $130.00 price target on shares of MSC Industrial Direct in a research report on Wednesday, July 1st. Zacks Research downgraded shares of MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Wolfe Research started coverage on shares of MSC Industrial Direct in a research report on Tuesday. They issued a “peer perform” rating on the stock.

Institutional Investors Weigh In On MSC Industrial Direct

Several large investors have recently modified their holdings of MSM. Elevation Wealth Partners LLC raised its holdings in shares of MSC Industrial Direct by 89.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 245 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 116 shares during the period. First Horizon Corp grew its holdings in MSC Industrial Direct by 101.0% during the first quarter. First Horizon Corp now owns 400 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 201 shares during the period. Parkside Financial Bank & Trust increased its position in MSC Industrial Direct by 60.3% in the second quarter. Parkside Financial Bank & Trust now owns 319 shares of the industrial products company’s stock worth $38,000 after buying an additional 120 shares during the last quarter. Hantz Financial Services Inc. increased its position in MSC Industrial Direct by 42.4% in the fourth quarter. Hantz Financial Services Inc. now owns 514 shares of the industrial products company’s stock worth $43,000 after buying an additional 153 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of MSC Industrial Direct by 25.9% in the fourth quarter. Allworth Financial LP now owns 628 shares of the industrial products company’s stock valued at $53,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

MSC Industrial Direct Price Performance

MSC Industrial Direct stock opened at $122.17 on Friday. MSC Industrial Direct has a 52 week low of $78.80 and a 52 week high of $130.46. The company’s 50 day moving average price is $122.07 and its two-hundred day moving average price is $110.23. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.82 billion, a P/E ratio of 29.51 and a beta of 0.83.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, July 1st. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.15. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. MSC Industrial Direct had a return on equity of 17.34% and a net margin of 5.91%.MSC Industrial Direct’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. On average, equities analysts predict that MSC Industrial Direct will post 4.51 earnings per share for the current year.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc (NYSE: MSM) is a distributor of metalworking and maintenance, repair and operations (MRO) supplies. The company serves industrial and institutional customers by helping them source the products, services and expertise needed to operate and maintain manufacturing facilities, equipment and workplaces.

Its product offerings include cutting tools, abrasives, fasteners, hand and power tools, safety equipment, material-handling products, janitorial supplies, plumbing and electrical items, and other industrial consumables.