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Equities research analysts at BB&T Corp. increased their price objective on shares of MSC Industrial Direct (NYSE:MSM) from $94.00 to $98.00 in a research note issued to investors on Thursday, American Banking & Market News reports. BB&T Corp.’s price target suggests a potential upside of 21.18% from the company’s current price.

MSC Industrial Direct (NYSE:MSM) traded down 0.31% on Thursday, hitting $80.62. 553,112 shares of the company’s stock traded hands. MSC Industrial Direct has a 52 week low of $71.44 and a 52 week high of $87.92. The stock has a 50-day moving average of $78.53 and a 200-day moving average of $79.39. The company has a market cap of $5.112 billion and a price-to-earnings ratio of 21.57.

MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, January 28th. Stockholders of record on Tuesday, January 14th will be paid a dividend of 0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, January 10th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of MSC Industrial Direct from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $81.90 price target on the stock. Separately, analysts at Buckingham Research initiated coverage on shares of MSC Industrial Direct in a research note to investors on Wednesday, December 4th. They set a “buy” rating and a $92.00 price target on the stock. Finally, analysts at Raymond James upgraded shares of MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, November 15th. They now have a $85.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. MSC Industrial Direct has an average rating of “Hold” and an average target price of $88.76.

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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