MSC Industrial Direct (NYSE:MSM) had its price target increased by JPMorgan Chase & Co. from $78.00 to $79.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has a neutral rating on the industrial products company’s stock.
Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded MSC Industrial Direct from a sell rating to a hold rating in a report on Wednesday, October 2nd. Stephens set a $82.00 price target on MSC Industrial Direct and gave the company a hold rating in a report on Monday, July 8th. Zacks Investment Research cut MSC Industrial Direct from a hold rating to a sell rating in a report on Thursday. Wells Fargo & Co set a $65.00 price target on MSC Industrial Direct and gave the company a hold rating in a report on Monday, September 23rd. Finally, Raymond James cut MSC Industrial Direct from an outperform rating to a market perform rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $78.30.
Shares of NYSE:MSM traded up $3.15 during midday trading on Thursday, reaching $72.15. The company’s stock had a trading volume of 726,347 shares, compared to its average volume of 407,963. The business’s fifty day simple moving average is $69.47 and its 200-day simple moving average is $73.63. The company has a market capitalization of $3.81 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.03 and a beta of 0.91. MSC Industrial Direct has a fifty-two week low of $64.59 and a fifty-two week high of $90.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.50 and a quick ratio of 1.35.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.05). The firm had revenue of $866.50 million during the quarter, compared to the consensus estimate of $881.62 million. MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. MSC Industrial Direct’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 EPS. On average, analysts forecast that MSC Industrial Direct will post 5.24 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC bought a new position in MSC Industrial Direct during the second quarter worth about $53,000. Point72 Asset Management L.P. bought a new position in MSC Industrial Direct during the second quarter worth about $89,000. NumerixS Investment Technologies Inc lifted its holdings in shares of MSC Industrial Direct by 71.4% during 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 in the last quarter. SRS Capital Advisors Inc. bought a new position in shares of MSC Industrial Direct during the 2nd quarter valued at about $106,000. Finally, Cerebellum GP LLC bought a new position in shares of MSC Industrial Direct during the 3rd quarter valued at about $127,000. Hedge funds and other institutional investors own 75.32% of the company’s stock.
About MSC Industrial Direct
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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