Short Term Rating on MSC Industrial Direct Company (MSM)

MSC Industrial Direct Company (MSM) : 12 analysts are covering MSC Industrial Direct Company (MSM) and their average rating on the stock is 2.92, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. MSC Industrial Direct Company (MSM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

MSC Industrial Direct Company (MSM) : The highest level MSC Industrial Direct Company (MSM) is projected to reach is $80 for the short term and the lowest estimate is at $62. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $74 and the possibility the share price can swing is $7.48.

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


MSC Industrial Direct Company (NYSE:MSM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.00 and $71.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.79, notching a gain of 0.17% for the day. The total traded volume was 1,021,714 . The stock had closed at $72.67 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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