MSC Industrial Direct Stock Rating Lowered by Zacks (MSM)
MSC Industrial Direct (NYSE:MSM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday, AR Network reports. They currently have a $75.00 target price on the stock. Zacks‘ target price would suggest a potential downside of 2.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of MSC Industrial Direct from $82.00 to $78.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Separately, analysts at Robert W. Baird downgraded shares of MSC Industrial Direct from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $87.00 price target on the stock, down previously from $99.00. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. MSC Industrial Direct has a consensus rating of “Hold” and an average price target of $87.20.
MSC Industrial Direct (NYSE:MSM) traded up 1.86% on Monday, hitting $78.105. 320,087 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 has a 50-day moving average of $80.69 and a 200-day moving average of $80.12. The company has a market cap of $4.912 billion and a P/E ratio of 20.45.
MSC Industrial Direct (NYSE:MSM) last released its earnings data on Wednesday, October 30th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.05. The company had revenue of $673.80 million for the quarter, compared to the consensus estimate of $668.50 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts predict that MSC Industrial Direct will post $4.07 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Monday, November 4th. This is a boost from MSC Industrial Direct’s previous quarterly dividend of $0.30.
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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