MSC Industrial Direct (NYSE:MSM) Price Target Raised to $150.00 at DA Davidson

MSC Industrial Direct (NYSE:MSMGet Free Report) had its price objective increased by stock analysts at DA Davidson from $145.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s target price suggests a potential upside of 21.70% from the stock’s previous close.

MSM has been the subject of a number of other reports. KeyCorp restated an “overweight” rating and set a $145.00 price objective on shares of MSC Industrial Direct in a research note on Wednesday. Weiss Ratings upgraded MSC Industrial Direct from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group set a $130.00 target price on shares of MSC Industrial Direct in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $118.17.

View Our Latest Stock Report on MSC Industrial Direct

MSC Industrial Direct Stock Performance

Shares of NYSE:MSM opened at $123.26 on Thursday. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 33.13 and a beta of 0.84. MSC Industrial Direct has a 52 week low of $78.80 and a 52 week high of $127.51. The company has a quick ratio of 0.78, a current ratio of 1.73 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $110.13 and a 200 day moving average of $96.85.

MSC Industrial Direct (NYSE:MSMGet Free Report) last posted its earnings results on Wednesday, July 1st. The industrial products company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.15. MSC Industrial Direct had a return on equity of 16.06% and a net margin of 5.42%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. MSC Industrial Direct’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that MSC Industrial Direct will post 4.36 earnings per share for the current fiscal year.

Institutional Trading of MSC Industrial Direct

A number of institutional investors have recently made changes to their positions in MSM. Auto Owners Insurance Co grew its stake in MSC Industrial Direct by 12,181.8% during the 4th quarter. Auto Owners Insurance Co now owns 3,254,670 shares of the industrial products company’s stock worth $273,718,000 after buying an additional 3,228,170 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in MSC Industrial Direct by 11.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,796,316 shares of the industrial products company’s stock valued at $151,070,000 after buying an additional 187,440 shares in the last quarter. First Trust Advisors LP raised its stake in MSC Industrial Direct by 20.9% in the first quarter. First Trust Advisors LP now owns 1,773,133 shares of the industrial products company’s stock valued at $163,607,000 after buying an additional 306,436 shares during the last quarter. Boston Partners raised its stake in MSC Industrial Direct by 2.1% in the third quarter. Boston Partners now owns 1,764,875 shares of the industrial products company’s stock valued at $162,605,000 after buying an additional 36,626 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in MSC Industrial Direct by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,357,419 shares of the industrial products company’s stock worth $125,240,000 after acquiring an additional 14,484 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Key Stories Impacting MSC Industrial Direct

Here are the key news stories impacting MSC Industrial Direct this week:

About MSC Industrial Direct

(Get Free Report)

MSC Industrial Direct Co, Inc (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair and operations (MRO) products serving a broad range of industrial customers across North America. The company offers an extensive portfolio of cutting tools, abrasives, measuring and inspection instruments, fasteners, safety supplies and other essential components used in manufacturing, metalworking and production environments. MSC delivers products through a multi-channel distribution network, including an extensive branch system, e-commerce platform and dedicated sales force.

In addition to its core product offerings, MSC Industrial Direct provides value-added services designed to improve productivity and reduce downtime for its customers.

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Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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