Investment analysts at Susquehanna Bancshares Inc initiated coverage on shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) in a report released on Monday. The brokerage set a “neutral” rating and a $77.00 price target on the industrial products company’s stock. Susquehanna Bancshares Inc’s price target suggests a potential upside of 4.34% from the company’s current price.

A number of other analysts also recently weighed in on MSM. J P Morgan Chase & Co initiated coverage on shares of MSC Industrial Direct in a report on Friday, June 2nd. They set an “overweight” rating and a $91.00 price target for the company. Zacks Investment Research raised shares of MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Thursday, June 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 price target (down previously from $92.00) on shares of MSC Industrial Direct in a report on Monday, June 12th. BidaskClub raised shares of MSC Industrial Direct from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group cut their price target on shares of MSC Industrial Direct from $100.00 to $93.00 and set an “outperform” rating for the company in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. MSC Industrial Direct presently has an average rating of “Hold” and an average price target of $89.23.

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

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In related news, Director Philip Peller acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was acquired at an average price of $72.00 per share, with a total value of $72,000.00. Following the purchase, the director now directly owns 2,422 shares in the company, valued at $174,384. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 31.28% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in MSC Industrial Direct by 7,681.5% in the 1st quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock valued at $382,836,000 after acquiring an additional 3,677,680 shares during the period. FMR LLC increased its position in MSC Industrial Direct by 72.5% in the 1st quarter. FMR LLC now owns 3,074,574 shares of the industrial products company’s stock valued at $315,943,000 after acquiring an additional 1,292,581 shares during the period. Alliancebernstein L.P. increased its position in MSC Industrial Direct by 267.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock valued at $123,891,000 after acquiring an additional 1,048,714 shares during the period. JPMorgan Chase & Co. increased its position in MSC Industrial Direct by 26.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock valued at $268,588,000 after acquiring an additional 649,201 shares during the period. Finally, Jennison Associates LLC increased its position in MSC Industrial Direct by 52.8% in the 2nd quarter. Jennison Associates LLC now owns 912,001 shares of the industrial products company’s stock valued at $78,396,000 after acquiring an additional 315,012 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.

MSC Industrial Direct Company Profile

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.

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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