Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) have received a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $89.50.

MSM has been the topic of several research reports. Zacks Investment Research upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday. Susquehanna Bancshares Inc initiated coverage on shares of MSC Industrial Direct in a report on Monday, September 25th. They set a “neutral” rating and a $77.00 price objective on the stock. TheStreet downgraded shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a report on Sunday, September 17th. Finally, Northcoast Research initiated coverage on shares of MSC Industrial Direct in a report on Tuesday, July 25th. They issued a “neutral” rating for the company.

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Shares of MSC Industrial Direct (NYSE:MSM) traded up 0.88% during trading on Friday, reaching $75.57. 599,826 shares of the company’s stock were exchanged. MSC Industrial Direct has a 52-week low of $65.42 and a 52-week high of $105.70. The stock has a market cap of $4.30 billion, a PE ratio of 18.85 and a beta of 0.51. The stock’s 50 day moving average price is $69.45 and its 200-day moving average price is $83.70.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.09. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The firm had revenue of $743.90 million for the quarter, compared to analyst estimates of $744.49 million. During the same period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that MSC Industrial Direct will post $3.97 EPS for the current year.

In other MSC Industrial Direct news, Director Philip Peller purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were purchased at an average cost of $72.00 per share, with a total value of $72,000.00. Following the completion of the purchase, the director now owns 2,422 shares of the company’s stock, valued at approximately $174,384. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 31.28% of the company’s stock.

Several hedge funds have recently bought and sold shares of MSM. World Asset Management Inc raised its stake in shares of MSC Industrial Direct by 8.5% during the first quarter. World Asset Management Inc now owns 2,933 shares of the industrial products company’s stock worth $301,000 after acquiring an additional 231 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of MSC Industrial Direct by 255.1% during the first quarter. UBS Asset Management Americas Inc. now owns 245,323 shares of the industrial products company’s stock worth $25,209,000 after acquiring an additional 176,247 shares in the last quarter. Sei Investments Co. raised its stake in shares of MSC Industrial Direct by 43.6% during the first quarter. Sei Investments Co. now owns 32,761 shares of the industrial products company’s stock worth $3,366,000 after acquiring an additional 9,939 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of MSC Industrial Direct by 44.6% during the first quarter. Parametric Portfolio Associates LLC now owns 67,497 shares of the industrial products company’s stock worth $6,936,000 after acquiring an additional 20,825 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of MSC Industrial Direct by 77.6% during the first quarter. SG Americas Securities LLC now owns 10,920 shares of the industrial products company’s stock worth $1,122,000 after acquiring an additional 4,772 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

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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