MSC Industrial Direct (NYSE:MSM) was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports. They presently have a $74.00 target price on the industrial products company’s stock, down from their prior target price of $89.00. Northcoast Research’s price target indicates a potential upside of 2.00% from the company’s previous close. Northcoast Research also issued estimates for MSC Industrial Direct’s Q4 2019 earnings at $1.27 EPS, FY2019 earnings at $5.27 EPS, Q1 2020 earnings at $1.31 EPS, Q2 2020 earnings at $1.22 EPS and Q4 2020 earnings at $1.42 EPS.

A number of other research analysts have also recently commented on MSM. BMO Capital Markets cut their price target on shares of MSC Industrial Direct from $90.00 to $86.00 and set a “market perform” rating for the company in a research note on Thursday, April 11th. William Blair restated a “market perform” rating on shares of Luminex in a research note on Tuesday, May 7th. Gordon Haskett cut shares of MSC Industrial Direct from a “buy” rating to a “hold” rating and set a $72.02 price target for the company. in a research note on Monday, June 10th. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, July 5th. Finally, Buckingham Research cut their price target on shares of PJT Partners from $49.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. MSC Industrial Direct has a consensus rating of “Hold” and an average price target of $80.70.

NYSE MSM opened at $72.55 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $72.39. MSC Industrial Direct has a twelve month low of $67.25 and a twelve month high of $90.25. The company has a market capitalization of $4.00 billion, a PE ratio of 13.66, a PEG ratio of 1.34 and a beta of 0.94.

MSC Industrial Direct (NYSE:MSM) last released its earnings results on Wednesday, July 10th. The industrial products company reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.05). MSC Industrial Direct had a net margin of 8.79% and a return on equity of 21.08%. The company had revenue of $866.50 million during the quarter, compared to the consensus estimate of $881.62 million. During the same quarter in the previous year, the business posted $1.39 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts predict that MSC Industrial Direct will post 5.33 earnings per share for the current year.

In other news, EVP Steven N. Baruch sold 5,404 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $82.00, for a total transaction of $443,128.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Douglas E. Jones sold 2,126 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $83.50, for a total transaction of $177,521.00. Following the sale, the executive vice president now directly owns 7,496 shares of the company’s stock, valued at approximately $625,916. The disclosure for this sale can be found here. Company insiders own 27.96% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Investors Research Corp acquired a new stake in shares of MSC Industrial Direct during the first quarter worth approximately $25,000. Quadrant Capital Group LLC increased its holdings in shares of MSC Industrial Direct by 1,212.1% during the first quarter. Quadrant Capital Group LLC now owns 761 shares of the industrial products company’s stock worth $60,000 after buying an additional 703 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of MSC Industrial Direct by 25.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,151 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 231 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of MSC Industrial Direct by 71.4% in the first quarter. NumerixS Investment Technologies Inc now owns 1,200 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 500 shares in the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of MSC Industrial Direct by 9.8% in the first quarter. ETF Managers Group LLC now owns 1,592 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 142 shares in the last quarter. 76.11% of the stock is owned by institutional investors.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, and the United Kingdom. The company's MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, 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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Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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