MSC Industrial Direct Co. Reaches New 12-Month High at $88.17 (MSM)
MSC Industrial Direct (NYSE:MSM)’s share price reached a new 52-week high during trading hours on Wednesday, Stock Ratings News reports. The company traded as high as $88.17 and last traded at $88.10, with a volume of 618,160 shares traded. The stock had previously closed at $87.39.
Several analysts have recently commented on the stock. Analysts at Jefferies Group upgraded shares of MSC Industrial Direct from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Barclays raised their price target on shares of MSC Industrial Direct from $78.00 to $83.00 in a research note to investors on Thursday, January 9th. They now have an “equal weight” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of MSC Industrial Direct from $87.00 to $89.00 in a research note to investors on Thursday, January 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $89.26.
In other MSC Industrial Direct news, Chairman David Sandler unloaded 19,933 shares of MSC Industrial Direct stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $86.65, for a total value of $1,727,194.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
MSC Industrial Direct has a 1-year low of $74.15 and a 1-year high of $87.92. The stock has a 50-day moving average of $80.41 and a 200-day moving average of $79.68. The company has a market cap of $5.484 billion and a price-to-earnings ratio of 23.76.
MSC Industrial Direct (NYSE:MSM) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.04. The company had revenue of $678.50 million for the quarter, compared to the consensus estimate of $673.54 million. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts expect that MSC Industrial Direct will post $3.99 EPS for the current fiscal year.
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 1.50%. The ex-dividend date is Friday, January 10th.
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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