MSC Industrial Direct Company, Inc. (NYSE:MSM)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a report released on Friday. They currently have a $84.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 2.03% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Company set a $86.00 price objective on MSC Industrial Direct and gave the stock a “hold” rating in a report on Wednesday. BMO Capital Markets lifted their price objective on MSC Industrial Direct from $83.00 to $92.00 and gave the stock a “market perform” rating in a report on Wednesday. KeyCorp reiterated a “hold” rating on shares of MSC Industrial Direct in a report on Tuesday, October 17th. Zacks Investment Research cut MSC Industrial Direct from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Gabelli upgraded MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $89.29.

MSC Industrial Direct (NYSE MSM) traded down $0.57 during mid-day trading on Friday, reaching $82.33. The company had a trading volume of 905,449 shares, compared to its average volume of 644,433. The company has a market cap of $4,687.62, a price-to-earnings ratio of 20.38 and a beta of 0.64.

MSC Industrial Direct (NYSE:MSM) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. MSC Industrial Direct had a return on equity of 19.42% and a net margin of 8.01%. The company had revenue of $753.80 million for the quarter, compared to analysts’ expectations of $745.80 million. During the same period in the previous year, the firm posted $1.02 EPS. MSC Industrial Direct’s revenue was up 1.2% compared to the same quarter last year. research analysts expect that MSC Industrial Direct will post 4.44 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in MSM. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MSC Industrial Direct by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,539 shares of the industrial products company’s stock valued at $132,000 after buying an additional 123 shares during the period. PNC Financial Services Group Inc. raised its position in shares of MSC Industrial Direct by 0.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,577 shares of the industrial products company’s stock valued at $136,000 after buying an additional 8 shares during the period. QS Investors LLC raised its position in shares of MSC Industrial Direct by 0.5% during the 2nd quarter. QS Investors LLC now owns 1,749 shares of the industrial products company’s stock valued at $150,000 after buying an additional 8 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of MSC Industrial Direct by 1,373.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,210 shares of the industrial products company’s stock valued at $167,000 after buying an additional 2,060 shares during the period. Finally, Numeric Investors LLC purchased a new stake in shares of MSC Industrial Direct during the 2nd quarter valued at approximately $206,000. 74.70% of the stock is currently owned by hedge funds and other institutional investors.

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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