MSC Industrial Direct (NYSE:MSM) PT Raised to $94.00 at Deutsche Bank Aktiengesellschaft


Share on StockTwits

MSC Industrial Direct (NYSE:MSM) had its price objective boosted by stock analysts at Deutsche Bank Aktiengesellschaft from $89.00 to $94.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 6.43% from the company’s current price.

Other equities analysts have also issued research reports about the stock. William Blair upgraded shares of MSC Industrial Direct from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 7th. Zacks Investment Research lowered shares of MSC Industrial Direct from a “hold” rating to a “sell” rating in a research report on Wednesday, April 7th. Wells Fargo & Company upgraded shares of MSC Industrial Direct from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $90.00 to $105.00 in a research report on Thursday, April 8th. Finally, TheStreet lowered shares of MSC Industrial Direct from a “b” rating to a “c+” rating in a research note on Wednesday, April 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $88.33.

Shares of MSM stock traded down $1.02 during trading hours on Tuesday, reaching $88.32. The stock had a trading volume of 5,086 shares, compared to its average volume of 463,007. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.23 and a quick ratio of 1.22. MSC Industrial Direct has a twelve month low of $56.16 and a twelve month high of $93.92. The firm has a 50-day simple moving average of $88.46 and a 200-day simple moving average of $81.18. The firm has a market capitalization of $4.93 billion, a PE ratio of 21.86 and a beta of 0.99.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Tuesday, April 6th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.01. The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $778.77 million. MSC Industrial Direct had a net margin of 7.14% and a return on equity of 20.42%. MSC Industrial Direct’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. On average, equities analysts anticipate that MSC Industrial Direct will post 4.65 earnings per share for the current year.

In other news, Director Philip Peller sold 1,789 shares of the firm’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $86.82, for a total value of $155,320.98. Also, SVP Steve Armstrong sold 3,595 shares of the firm’s stock in a transaction on Monday, February 8th. The stock was sold at an average price of $86.52, for a total transaction of $311,039.40. Insiders sold 99,562 shares of company stock valued at $8,660,531 over the last three months. 28.44% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of MSC Industrial Direct in the fourth quarter worth $40,000. JJJ Advisors Inc. boosted its stake in MSC Industrial Direct by 418.7% during the fourth quarter. JJJ Advisors Inc. now owns 555 shares of the industrial products company’s stock worth $47,000 after buying an additional 448 shares in the last quarter. Van ECK Associates Corp boosted its stake in MSC Industrial Direct by 29.9% during the third quarter. Van ECK Associates Corp now owns 817 shares of the industrial products company’s stock worth $52,000 after buying an additional 188 shares in the last quarter. Captrust Financial Advisors boosted its stake in MSC Industrial Direct by 31.7% during the third quarter. Captrust Financial Advisors now owns 2,300 shares of the industrial products company’s stock worth $143,000 after buying an additional 553 shares in the last quarter. Finally, AJO LP acquired a new stake in MSC Industrial Direct during the fourth quarter worth $197,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include 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.

Recommended Story: Return on Equity (ROE)

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

Receive News & Ratings for MSC Industrial Direct Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSC Industrial Direct and related companies with MarketBeat.com's FREE daily email newsletter.