Loop Capital Downgrades MSC Industrial Direct (NYSE:MSM) to Hold

MSC Industrial Direct (NYSE:MSMGet Free Report) was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Marketbeat reports. They currently have a $80.00 price target on the industrial products company’s stock. Loop Capital’s price target suggests a potential upside of 0.69% from the stock’s current price.

A number of other research analysts also recently weighed in on MSM. Stephens restated an “overweight” rating and set a $110.00 price target on shares of MSC Industrial Direct in a report on Friday, June 14th. StockNews.com downgraded shares of MSC Industrial Direct from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th. KeyCorp downgraded MSC Industrial Direct from an “overweight” rating to a “sector weight” rating in a research note on Monday. Baird R W downgraded MSC Industrial Direct from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Robert W. Baird decreased their target price on MSC Industrial Direct from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, June 14th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $93.00.

View Our Latest Research Report on MSM

MSC Industrial Direct Stock Performance

Shares of NYSE MSM opened at $79.45 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.01 and a quick ratio of 0.92. MSC Industrial Direct has a one year low of $75.05 and a one year high of $105.77. The business’s 50-day moving average price is $89.58 and its two-hundred day moving average price is $95.32. The company has a market capitalization of $4.47 billion, a P/E ratio of 14.26 and a beta of 0.89.

MSC Industrial Direct (NYSE:MSMGet Free Report) last announced its quarterly earnings results on Thursday, March 28th. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The business had revenue of $935.30 million during the quarter, compared to analysts’ expectations of $946.55 million. MSC Industrial Direct had a return on equity of 22.58% and a net margin of 7.89%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. Analysts anticipate that MSC Industrial Direct will post 5.69 earnings per share for the current fiscal year.

Institutional Trading of MSC Industrial Direct

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale lifted its holdings in shares of MSC Industrial Direct by 68.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 157,252 shares of the industrial products company’s stock worth $15,458,000 after buying an additional 63,955 shares during the last quarter. Swedbank AB bought a new position in MSC Industrial Direct during the first quarter worth $16,571,000. Tidal Investments LLC increased its position in MSC Industrial Direct by 50.5% during the first quarter. Tidal Investments LLC now owns 25,630 shares of the industrial products company’s stock worth $2,487,000 after acquiring an additional 8,604 shares during the period. Bayesian Capital Management LP acquired a new position in MSC Industrial Direct during the 1st quarter valued at $258,000. Finally, Paloma Partners Management Co bought a new stake in MSC Industrial Direct in the 1st quarter valued at $256,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

MSC Industrial Direct Company Profile

(Get Free Report)

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's 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.

Further Reading

Analyst Recommendations for MSC Industrial Direct (NYSE:MSM)

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