A number of research firms have changed their ratings and price targets for MSC Industrial Direct (NYSE: MSM):

  • 8/4/2017 – MSC Industrial Direct was downgraded by analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating. They now have a $76.00 price target on the stock.
  • 8/3/2017 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements. “
  • 7/28/2017 – MSC Industrial Direct was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/25/2017 – MSC Industrial Direct is now covered by analysts at Northcoast Research. They set a “neutral” rating on the stock.
  • 7/14/2017 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements. “
  • 7/14/2017 – MSC Industrial Direct had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $78.00 price target on the stock, down previously from $88.00.
  • 7/14/2017 – MSC Industrial Direct had its price target lowered by analysts at BMO Capital Markets from $98.00 to $87.00. They now have a “market perform” rating on the stock.
  • 7/13/2017 – MSC Industrial Direct had its price target lowered by analysts at Credit Suisse Group from $100.00 to $93.00. They now have an “outperform” rating on the stock.
  • 7/13/2017 – MSC Industrial Direct had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $85.00 price target on the stock, down previously from $92.00.
  • 7/8/2017 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements. “
  • 7/5/2017 – MSC Industrial Direct was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/12/2017 – MSC Industrial Direct had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $88.00 price target on the stock, down previously from $92.00.
  • 6/9/2017 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Company Inc. is one of the largest direct marketers of a broad range of industrial products to small and mid-sized industrial customers throughout the United States. The company distributes a full line of industrial products, such as cutting tools, abrasives, measuring instruments, machine tool accessories, safety equipment, fasteners, welding supplies and electrical supplies, intended to satisfy the customers’ maintenance, repair and operations supplies requirements. “

MSC Industrial Direct Company, Inc. (MSM) opened at 70.31 on Tuesday. MSC Industrial Direct Company, Inc. has a 1-year low of $69.96 and a 1-year high of $105.70. The stock’s 50 day moving average is $79.96 and its 200-day moving average is $91.87. The firm has a market capitalization of $4.00 billion, a P/E ratio of 17.53 and a beta of 0.50.

MSC Industrial Direct (NYSE:MSM) last posted its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. The company had revenue of $743.90 million during the quarter, compared to the consensus estimate of $744.49 million. MSC Industrial Direct had a net margin of 8.07% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. Analysts forecast that MSC Industrial Direct Company, Inc. will post $3.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Tuesday, July 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Friday, July 14th. MSC Industrial Direct’s payout ratio is presently 45.11%.

In other MSC Industrial Direct news, Director Philip Peller bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was bought at an average cost of $72.00 per share, with a total value of $72,000.00. Following the completion of the transaction, the director now directly owns 2,422 shares in the company, valued at approximately $174,384. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 31.28% of the company’s stock.

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

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