Barclays Capital Increases MSC Industrial Direct Price Target to $82.00 (MSM)
Equities researchers at Barclays Capital increased their price target on shares of MSC Industrial Direct (NYSE:MSM) from $75.00 to $82.00 in a research report issued on Monday, AnalystRatings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays Capital’s price objective indicates a potential downside of 0.06% from the company’s current price.
Shares of MSC Industrial Direct (NYSE:MSM) traded down 1.07% during mid-day trading on Monday, hitting $82.05. 184,422 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 $79.96 and its 200-day moving average is $80.4. The company has a market cap of $5.201 billion and a price-to-earnings ratio of 20.97.
MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 10th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis.
A number of other analysts have also recently weighed in on MSM. Analysts at Robert W. Baird raised their price target on shares of MSC Industrial Direct from $90.00 to $99.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich cut their price target on shares of MSC Industrial Direct 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. Finally, analysts at Jefferies Group cut their price target on shares of MSC Industrial Direct 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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $90.33.
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.
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