MSC Industrial Direct Company, Inc. (NYSE:MSM) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $127.62.

A number of equities analysts have recently commented on the stock. DA Davidson set a $155.00 target price on shares of MSC Industrial Direct in a report on Tuesday. Weiss Ratings upgraded shares of MSC Industrial Direct from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 28th. Wolfe Research started coverage on shares of MSC Industrial Direct in a research note on Tuesday, September 15th. They set a “peer perform” rating for the company. Jefferies Financial Group set a $130.00 price objective on shares of MSC Industrial Direct in a research report on Wednesday, July 1st. Finally, KeyCorp raised their price objective on shares of MSC Industrial Direct from $132.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st.

MSC Industrial Direct Trading Up 2.6%

NYSE MSM opened at $132.00 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.55 and a quick ratio of 0.72. The firm’s fifty day moving average price is $122.63 and its 200 day moving average price is $114.68. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 31.88 and a beta of 0.82. MSC Industrial Direct has a 12 month low of $78.80 and a 12 month high of $132.55.

Institutional Investors Weigh In On MSC Industrial Direct

Several hedge funds have recently made changes to their positions in the business. Elevation Wealth Partners LLC lifted its position in MSC Industrial Direct by 89.9% in the second quarter. Elevation Wealth Partners LLC now owns 245 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 116 shares during the period. Parkside Financial Bank & Trust boosted its holdings in MSC Industrial Direct by 60.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 319 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 120 shares in the last quarter. First Horizon Corp increased its position in MSC Industrial Direct by 101.0% during the 1st quarter. First Horizon Corp now owns 400 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 201 shares during the period. Compass Financial Management LLC acquired a new position in MSC Industrial Direct during the 2nd quarter worth approximately $143,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in MSC Industrial Direct during the 1st quarter worth approximately $119,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Company Profile

MSC Industrial Direct Co, Inc is a distributor of metalworking and industrial products serving manufacturers and other organizations across North America. The company provides products used in maintenance, repair and operations, including cutting tools, abrasives, tooling components, fasteners, safety equipment, material handling supplies, and janitorial and facility-maintenance products.

MSC serves customers through an omnichannel platform that includes e-commerce, sales representatives, customer service teams, catalogs, and branch locations.