Research Analysts’ Weekly Ratings Updates for MSC Industrial Direct (MSM)

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Several brokerages have updated their recommendations and price targets on shares of MSC Industrial Direct (NYSE: MSM) in the last few weeks:

  • 10/16/2019 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 10/10/2019 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 10/10/2019 – MSC Industrial Direct had its price target raised by analysts at JPMorgan Chase & Co. from $78.00 to $79.00. They now have a “neutral” rating on the stock.
  • 10/8/2019 – MSC Industrial Direct had its price target lowered by analysts at Buckingham Research from $70.00 to $69.00. They now have a “neutral” rating on the stock.
  • 10/4/2019 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 10/2/2019 – MSC Industrial Direct was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/26/2019 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 9/23/2019 – MSC Industrial Direct was given a new $65.00 price target on by analysts at Wells Fargo & Co. They now have a “hold” rating on the stock.
  • 9/19/2019 – MSC Industrial Direct was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “
  • 9/12/2019 – MSC Industrial Direct was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • 9/12/2019 – MSC Industrial Direct was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MSC Industrial Direct Co., Inc. is one of the premier distributors of Metalworking and Maintenance, Repair and Operations (MRO) supplies to industrial customers throughout the United States. MSC distributes approximately 590,000 industrial products from approximately 3,000 suppliers to approximately 350,000 customers. MSC reaches its customers through a combination of approximately 27 million direct-mail catalogs and CD-ROMs, 96 branch sales offices, 927 sales people, the Internet and associations with some of the world’s most prominent B2B e-commerce portals. “

Shares of MSM stock opened at $71.90 on Monday. The company’s 50-day moving average price is $70.11 and its 200-day moving average price is $73.30. The company has a current ratio of 2.50, a quick ratio of 1.35 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.08 and a beta of 0.91. MSC Industrial Direct Co Inc has a twelve month low of $64.59 and a twelve month high of $90.25.

Several hedge funds have recently made changes to their positions in MSM. Steward Partners Investment Advisory LLC acquired a new position in shares of MSC Industrial Direct during the 2nd quarter valued at about $53,000. Point72 Asset Management L.P. acquired a new position in shares of MSC Industrial Direct during the 2nd quarter valued at about $89,000. SRS Capital Advisors Inc. acquired a new position in shares of MSC Industrial Direct during the 2nd quarter valued at about $106,000. Global Trust Asset Management LLC boosted its position in shares of MSC Industrial Direct by 327.3% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,645 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of MSC Industrial Direct during the 3rd quarter valued at about $127,000. 75.32% of the stock is currently owned by hedge funds and other institutional investors.

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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