Analyst Rating Update on MSC Industrial Direct Company (MSM)

MSC Industrial Direct Company (MSM) : Zacks Investment Research ranks MSC Industrial Direct Company (MSM) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.91, which indicates as a Hold.

MSC Industrial Direct Company (MSM) : The most positive equity analysts on MSC Industrial Direct Company (MSM) expects the shares to touch $80, whereas, the least positive believes that the stock will trade at $62 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $74 with an expected fluctuation of $7.48 from the mean.

Company shares have received an average consensus rating of Hold for the current week


MSC Industrial Direct Company (NYSE:MSM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.87 and $71.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.21, notching a gain of 0.47% for the day. The total traded volume was 807,963 . The stock had closed at $71.87 on the previous day.

MSC Industrial Direct Co., Inc. (MSC) is direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. The Company operates primarily in the United States, with customers in all 50 states, through a network of five customer fulfillment centers (four customer fulfillment centers are located within the United States and one is located in the United Kingdom and 106 branch offices (104 branches are located within the United States, one is located in the United Kingdom and the other is located in Mexico). Its products represent a range of MRO products that include cutting tools; measuring instruments; tooling components; metalworking products; fasteners; flat stock; 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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