Robert W. Baird Increases MSC Industrial Direct Price Target to $99.00 (MSM)
Equities research analysts at Robert W. Baird upped their price target on shares of MSC Industrial Direct (NYSE:MSM) from $90.00 to $99.00 in a research note issued to investors on Friday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 19.36% from the stock’s previous close.
Shares of MSC Industrial Direct (NYSE:MSM) traded up 0.41% on Friday, hitting $82.94. 441,585 shares of the company’s stock traded hands. MSC Industrial Direct has a 52-week low of $68.38 and a 52-week high of $87.92. The stock’s 50-day moving average is $79.73 and its 200-day moving average is $80.57. The company has a market cap of $5.257 billion and a P/E ratio of 20.88.
MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.07. The company had revenue of $636.90 million for the quarter, compared to the consensus estimate of $637.07 million. During the same quarter last year, the company posted $1.10 earnings per share. MSC Industrial Direct’s revenue was up 4.1% compared to the same quarter last year. Analysts expect that MSC Industrial Direct will post $3.86 EPS for the current fiscal year.
MSM has been the subject of a number of other recent research reports. Analysts at Wunderlich cut their price target on shares of MSC Industrial Direct (NYSE:MSM) from $100.00 to $92.00 in a research note to investors on Friday, July 12th. They now have a “buy” rating on the stock. Analysts at Jefferies Group cut their price target on shares of MSC Industrial Direct (NYSE:MSM) from $89.00 to $87.00 in a research note to investors on Friday, July 12th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $89.56.
MSC Industrial Direct Co, Inc (NYSE:MSM) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.