MSC Industrial Direct (NYSE: MSM) recently received a number of ratings updates from brokerages and research firms:

  • 10/11/2017 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 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. “
  • 10/9/2017 – MSC Industrial Direct had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $83.00 price target on the stock, up previously from $79.00.
  • 10/6/2017 – MSC Industrial Direct was given a new $93.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 9/29/2017 – 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. “
  • 9/27/2017 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $83.00 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. “
  • 9/25/2017 – MSC Industrial Direct is now covered by analysts at Susquehanna Bancshares Inc. They set a “neutral” rating and a $77.00 price target on the stock.
  • 9/23/2017 – 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. “
  • 9/21/2017 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $81.00 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. “
  • 9/17/2017 – MSC Industrial Direct had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/12/2017 – MSC Industrial Direct had its “market perform” rating reaffirmed by analysts at BMO Capital Markets.
  • 8/16/2017 – MSC Industrial Direct was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 EPS for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $744.49 million. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis.

In other MSC Industrial Direct news, Director Philip Peller bought 1,000 shares of the stock in a transaction dated Wednesday, July 19th. The shares were bought at an average cost of $72.00 per share, with a total value of $72,000.00. Following the completion of the acquisition, the director now owns 2,422 shares of the company’s stock, valued at $174,384. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 31.28% of the stock is currently owned by company insiders.

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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